Germany’s supply-side backsliding
Michael Burda, 23 October 2007
Germany’s equilibrium rate of unemployment has not fallen as much over the past two decades as in the Netherlands, Denmark, Ireland, and Britain. Unlike those successful reformers, Germany has not yet finished its supply-side homework. If it backslides now, it and the rest of Europe will pay the price when the next downturn comes.
This article appears on our Consortium partner's site www.Telos-eu.com in English and in French.
Topics: Labour markets
Tags: Germany, reform, unemployment