Is there a single point of hard evidence towards the idea that labor-market flexibility is favorable to growth ? Or is it just a talking point taken for granted by the high priests ?
I guess you mean the GERMAN banking system, which invested abundantly in US MBS and real-estate development in the euro periphery, and was merrily bailed out by the German taxpayer.
Is it that excessive debt weighs on growth, or is it that governments hit by recessions, unable or unwilling to stimulate their economy cannot grow their tax base enough to pay down their debts ?
Will the Global Economy Add Up?
ECB policy is not accommodating at all if you judge it by the results:
http://marketmonetarist.com/2012/05/14/failed-monetary-policy-the-one-graph-version/
Clarity about Austerity
...as evidenced by the increase in poverty rate in Germany from 11% in 2001 to 15% today, despite the increase in employment.
Clarity about Austerity
Is there a single point of hard evidence towards the idea that labor-market flexibility is favorable to growth ? Or is it just a talking point taken for granted by the high priests ?
The European Banking Union?
I guess you mean the GERMAN banking system, which invested abundantly in US MBS and real-estate development in the euro periphery, and was merrily bailed out by the German taxpayer.
Austerity and Debt Realism
See Matt Yglesias' critique of this interpretation of the historical evidence:
http://www.slate.com/blogs/moneybox/2012/06/02/kenneth_rogoff_s_confused_correlation_mongering.html
Is it that excessive debt weighs on growth, or is it that governments hit by recessions, unable or unwilling to stimulate their economy cannot grow their tax base enough to pay down their debts ?