Lohnimpulse und Wirtschaftswachstum — eine Simulationsanalyse für die Eurozone

Jan Limbers (), Thieß Petersen () and Michael Böhmer ()

Wirtschaftsdienst, 2016, vol. 96, issue 2, 122-127

Abstract: Since the global financial and economic crisis, the question has arisen whether a policy of wage restraint could lead the European crisis countries back onto a more stable growth path. Using simulation calculations for varying wage setting strategies in Europe through 2030, the advantages and disadvantages of such a scenario can be discussed. One of the main findings is that temporary wage restraint in the economically weak countries only works as a means to regaining competitiveness if accompanied by other economic policies at the European level. These policies include higher wage growth in the economically stronger countries, transfer payments to foster investments and the acceptance of higher inflation rates in the eurozone. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2016

Keywords: C15; F45; J30 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s10273-016-1936-x

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