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Konjunkturpolitik kann Strukturreformen nicht ersetzen / Cyclic policy cannot replace structural reformsKessing, Sebastian G., Konrad, Kai A. January 2005 (has links)
The authors agree with Flassbeck’s claim that growth generates employment. However, they do not agree with Flassbeck’s conviction that growth is to be increased by demand management. In their comment, they explain why deficit spending and expansionary monetary policy are inappropriate substitutes for a sound structural policy.
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