Germany; Selected Issues

For more than a decade, growth in Germany has been subdued and uneven. This paper introduces the stylized facts pertaining to the strength in exports, the weakness in domestic demand, and the surge in the current account. It discusses the adjustment undertaken in the private sector and its impact on exports and domestic demand, followed by fiscal and monetary policies and their macroeconomic impact. Finally, structural impediments accelerating capital exports and the rising current account surplus are outlined.

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Year of publication:	2006-12-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Selected issues \| Tax reforms \| export sector \| domestic demand \| current account surplus \| domestic economy \| capital exports \| domestic investment \| international standards \| export boom \| skilled labor \| export performance \| exports of goods \| trade flows \| balance sheets \| adjustment process \| export volumes \| unit labor costs \| export success \| global competitiveness \| domestic savings \| export market \| global supply \| export of capital \| exporters \| export sectors \| export market share \| domestic market \| exporter \| market equilibrium \| growing exports \| adjustment period \| domestic labor market \| trading partners \| regional integration \| factor markets \| multinational companies \| intermediate goods \| increased trade \| domestic production \| intensive export \| intermediate inputs \| employment growth \| income distribution \| domestic consumption \| global markets \| income differentials \| nominal interest rates \| member country \| real effective exchange rate \| global competition \| monetary union \| domestic unemployment \| balance of payments

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/436 10 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244845