Germany’s Choice and Lessons from Japan: Supply vs. Demand Policy, Fiscal vs. Monetary Policy

Richard Werner ()

Chapter 9 in Euroland and the World Economy, 2007, pp 184-214 from Palgrave Macmillan

Abstract: Abstract The goal of this chapter is to apply the lessons from the Japanese macroeconomic experience of the 1990s to the European context. Specifically, it is suggested that an analysis of the choices faced by Germany will benefit from a deeper understanding of the relationship between structural and cyclical policy on the one hand, and fiscal and monetary policy on the other. The Japanese experience has offered important lessons on these issues that should not be neglected in the European context.

Keywords: Monetary Policy; Fiscal Policy; Government Expenditure; Structural Reform; Central Bank Independence (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37755-4_10

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DOI: 10.1057/9780230377554_10

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