Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007). The high rates of inflation have contributed to the contraction of the economy, which has declined by about 30 percent since 1999. This paper examines the stabilization...

Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007). The high rates of inflation have contributed to the contraction of the economy, which has declined by about 30 percent since 1999. This paper examines the stabilization...

According to the recently released data, the German economy started forcefully into the year 2005. Real GDP increased with an annual rate of 4.2 percent on a seasonal and calendar adjusted basis. Growth of such a magnitude had last been observed at the start of 2001. The impulses came solely...

The cyclical recovery in Germany has come to a standstill. Following relatively high growth in the first half of 2004, real GDP stagnated in the second half. The main cause was the decline in foreign demand. Real exports only increased slightly, following a double-digit increase in the first...

The German economy has been stagnating for three years, now. In the first quarter of 2003, real GDP even fell, with an annual rate of 0.9 percent. It had decreased also in the quarter before and the underutilization of capacities has meanwhile become significant, although capacity utilization is...

The German economy stagnated in 2002. Real GDP only increased by 0.2 percent, even less than in 2001 (0.6 percent). In the fourth quarter of 2002, aggregate production fell slightly. Consumer spending stagnated as a result of virtually constant real disposable income and the losses in financial...