|Author (Person)||Collignon, Stefan, Esposito, Piero|
|Publisher||Routledge (Taylor & Francis Group)|
|Series Title||Routledge Studies in the European Economy|
|Content Type||Textbook | Monograph|
The first part of this book analyses macroeconomic imbalances based on a new framework from the analysis of the flow of founds rather than balance of payments, and presents an alternative measure of unit labour cost comparisons to investigate the relationship between imbalances and competitiveness. The second part is dedicated to the analysis of the trade performance of Germany and Italy and the sustainability of the German model in the EMU. The third part describes the reform policies implemented by Germany and their effect on imbalances; this includes wage moderation, the labour market reforms and weak labour demand. The final part explores the regional inequalities within Germany and Italy, providing useful lessons regarding fiscal federalism and regional banking developments.
|Subject Categories||Economic and Financial Affairs|
|Countries / Regions||Europe, Germany, Italy|