German reforms did not create eurozone imbalances, paper finds
German model illustrates the positive effect of structural labour reforms between 1999 and 2008
The Germany economy benefited from structural reforms between 1999 and 2008, but "most importantly" so did the eurozone more widely, according to a discussion paper published by the Deutsche Bundesbank.
German Labor Market and Fiscal reforms 1999–2008: can they be blamed for intra-euro area imbalances, by Niklas Gadatsch, Nikolai Stähler and Benjamin Weigert, assess the impact of reforms, asking whether they are responsible for macroeconomic imbalances in the eurozone.
Their two-country monetary
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