7: Is the Macroeconomic Environment Conducive to Growth?
A stability-oriented macro-policy regime was deemed indispensable for the creation of a European monetary union and the eventual introduction of the euro. Along these lines, the euro zone has followed a policy of monetary and fiscal restraint and comparatively high inter-est rates. In contrast, the macroeconomic policy stance was more lenient in the US, partly gauged perhaps by exogenous events such as September 11, 2001. It will be discussed (i) to what extent the deviations of short-term policies explain the more medium-term growth dif-ferences between the EU and the US and (ii) whether or not establishing and maintaining macro-stability in Europe has been a precondition for the structural adjustments which are seen to raise the long-term growth path.
| |||||
|
Dr. Heinz HANDLER
WIFO-Referent für öffentliche Wirtschaft und internationale Wirtschaftspolitik
| 1960-1965 | Rechts- und staatswissenschaftliche Studien, Universität Wien |
| 1966-1968 | Postgraduales Ökonomiestudium, Institut für Höhere Studien, Wien |
| 1968-1973 | Referent am Österr. Institut für Wirtschaftsforschung (WIFO), Wien |
| 1973-1976 | Mitarbeiter des Internationalen Währungsfonds, Washington D.C. |
| 1976-1993 | Währungsreferent des WIFO |
| 1987-1993 | Stellvertretender Leiter des WIFO |
| 1989 | Habilitation an der Technischen Universität Wien |
| 1993-2003 | Sektionsleiter im Bundesministerium für Wirtschaft und Arbeit, Wien |
| seit 2003 | Wissenschaftlicher Referent am WIFO |
PD Dr. Gustav A. HORN
Scientific Director, Macroeconomic Policy Institute (IMK), Hans-Böckler-Foundation, Düsseldorf
| 1973-1979 | Studies of economics at the University of Bonn (North-Rhine Westphalia), degree: Diplom-Volkswirt (1979) |
| 1980-1981 | DAAD scholarship at the London School of Economics, degree: Master of Science (1981) |
| 1981-1986 | Assistant lecturer for applied economic research at the University of Konstanz |
| 1986-1998 | Research associate at the German Institute for Economic Research (DIW Berlin), doctoral degree (Dr. rer. oec.) at Technische Universität Berlin (TU Berlin) |
| 1998-1999 | Interim Head of the Department of Macro Analysis and Forecasting at DIW |
| 2000-2004 | Head of the Department of Macro Analysis and Forecasting at DIW |
| 2001 | Habilitation at TU Berlin |
| since 2005 | Director of the Macroeconomic Policy Institute (IMK) at Hans-Böckler Foundation |
| since 2007 | Professor (external) of Economics at the University of Flensburg |
| 2001-2009 | Advisor to the European Parliament |
| 2009 | Member of the commission of the political executive of the SocialdemocraticParty in Germany (SPD) for regulation of financial markets |
| since 2012 | Professor (external) of Economics at the University of Duisburg-Essen. |
| since 2010 | Member of the economic council at the party chairman of the Socialdemocratic Party in Germany (SPD) |
| Chairman of the Chamber for Social Order of the Protestant Church in Germany (EKD) |
