|Author (Person)||Gartner, Hermann, Merkl, Christian|
|Publisher||Centre for Economic Policy Research|
|Content Type||Journal | Series | Blog|
Policymakers the world over are staring at the strength of the German economy with envious eyes. This article argues that the root of Germany’s miracle lies in its 'wage moderation' that was the result of labour-market policies in the years preceding the global crisis – a point that is often ignored in the public debate.
VoxEU.org is a policy portal set up by the Centre for Economic Policy Research in conjunction with a consortium of national sites, including the Italian site LaVoce, the French site Telos and the Spanish site Sociedad Abierta. Vox aims to promote research-based policy analysis and commentary by leading scholars. The intended audience is economists in governments, international organisations, academia and the private sector as well as journalists specializing in economics, finance and business.
|Countries / Regions||Germany|