The author argues that growth determines employment and not the other way around. He opposes the widespread view among German economists that more employment generated by wage cuts or increased labour market flexibility will stimulate growth. <br>For him, this view relies on theoretical prejudices that have to be rejected in light of some recent, simple evidence.
The fact that all cyclical rebounds during the 1990s have been cut short by restrictive monetary policy explains the inability of the German labour market to regain full employment.
| Identifer | oai:union.ndltd.org:Potsdam/oai:kobv.de-opus-ubp:975 |
| Date | January 2005 |
| Creators | Flassbeck, Heiner |
| Publisher | Universität Potsdam, Extern. WeltTrends e.V. Potsdam |
| Source Sets | Potsdam University |
| Language | German |
| Detected Language | English |
| Type | Postprint |
| Format | application/pdf |
| Source | WeltTrends - Zeitschrift für Internationale Politik, 47 (2005), S. 101 – 105 |
| Rights | http://opus.kobv.de/ubp/doku/urheberrecht.php |
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