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-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...
Persistent link: https://www.econbiz.de/10014400820
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10014401585
leading to speculation about delayed increases or competitive pressures. Given Germany’s large size and openness, spillover … interactions appear to have increased over time. In the midst of a strong recovery, Germany is facing shortages of labor, the … emigration of high-skilled labor, and a reduction in immigration. Germany’s traditionally insider-dominated corporate governance …
Persistent link: https://www.econbiz.de/10014401906
Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering …
Persistent link: https://www.econbiz.de/10014402356
economic environment and policies. Declining labor shares, wage moderation, and employment performance in Germany and the …
Persistent link: https://www.econbiz.de/10014402633
This 2010 Article IV Consultation highlights that the German economy is regaining the ground lost in the crisis. Policy support, restocking, and an uptick in global demand have lifted the economy from the recession. The authorities used the available fiscal space to implement countercyclical...
Persistent link: https://www.econbiz.de/10014403324
recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its …
Persistent link: https://www.econbiz.de/10014404567
For more than a decade, growth in Germany has been subdued and uneven. This paper introduces the stylized facts …
Persistent link: https://www.econbiz.de/10014404749
for Germany. It projects that Germany’s potential GDP growth will slow over the coming decade, mainly because of declining … labor input. The paper focuses on a long-term fiscal scenario for Germany based on current policies. The paper also attempts … to construct a preliminary public sector balance sheet for Germany, and analyzes the performance of its nonfinancial …
Persistent link: https://www.econbiz.de/10014404844