Download or read book After the honeymoon exchange rate effect of German unification written by and published by . This book was released on 1992 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Consequences of German Reunification written by Gerhard Pohl and published by World Bank Publications. This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did the "big bang" approach work or would gradual change have been more appropriate? Which measures have worked and which have not?
Download or read book A Note on the Real Exchange Rate Effect of German Unification written by Charles Wyplosz and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Implications of German Unification for the Federal Republic and the Rest of the World written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1990-09-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic effects of German unification are first discussed in the context of a global saving/investment model. Next, simulations of MULTIMOD are presented, suggesting for the FRG an initial increase in long-term real interest rates equal to 3/4 of a percentage point, increased output, a temporary half-point rise in inflation, a modest real appreciation of the deutsche mark, and a reduction of the (combined GDR and FRG) current account surplus equal to 2 percent of GNP. Effects on the rest of the world seem to be relatively small. Different policies are examined within the EMS, and other simulation studies are surveyed.
Download or read book German Unification written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1996-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews early simulations of the effects of German unification using three different rational-expectations multi-country models. Despite significant differences in their structures and in the implementations of the unification shock, the models delivered a number of common results that proved reasonably accurate guides to the direction and magnitude of the effects of unification on key macroeconomic variables. Unification was expected to give rise to an increase in German aggregate demand that would put upward pressure on output, inflation, and the exchange rate, and downward pressure on the current account balance. The model simulations also highlighted contractionary effects of high German interest rates on EMS countries.
Download or read book Economic Aspects of German Unification written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul J. J. Welfens The editor is pleased to present a second edition of Economic Aspects of German Unification which includes new chapters and several postscripts. Almost five years after unification output in the ex-GDR is back to its 1989 level. Due to a massive intra-German resource transfer consumption per capita in eastern Germany has not fallen as much as output and employment which reduced by one-fifth within three years. Given high West German transfers which represented about 5% of West German GDP and more than 50% of East German GDP the fall of industrial output could have been much stronger than had politically been feasible. Hence structural change necessary for productivity growth was dramatic in the ex-GDR where the goods producing sector (manufacturing, mining, energy and construction) strongly changed its proportions; within four years construction almost doubled, and the share of investment goods production reduced by 10 percentage points between 1990 and 1994 and is· now down to 21. 1 %. Mining lost two-thirds of its share in the producing sector which itself was reduced relative to GDP. The share of the services industry increased by 5 percentage points between 1991 and 1994, but with a share of 27. 7% in East Germany's GDP it was still about 9 percentage points lower than in western Germany. By contrast, government accounted for 20. 9% of GDP in eastern Germany, but for only 13. 2% in western Germany.
Download or read book Christmas in July written by Ullrich Heilemann and published by Brookings Institution Press. This book was released on 1993 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the authors argue that policymakers were so preoccupied with fiscal problems that they ignored east Germany's anemic production, inflated employment, and decayed infrastructure. The authors urge adoption of hard-headed medium-term strategies so that west and east can grow closer and enjoy economic growth.
Download or read book Consequences of German Economic Unification written by and published by . This book was released on 1990 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Aspects of German Unification written by Hans-Werner Sinn and published by . This book was released on 1991 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper comments on the economic effects of the German unification. Apart from discussing the unification in an international perspective, analyzing the distributional consequences, and pointing to structural adjustment problems, it emphasizes the distinction between the frequently cited money overhang and the real asset overhang which characterizes communist countries. The paper argues that the unification paid too little attention to the latter, endowing East Germans with insufficient claims on state owned enterprises. The centralized privatization of state owned enterprises, which bypasses the East German population, is seen as a major obstacle to quick recovery, and an alternative privatization procedure is discussed.
Download or read book Two Views of German Unification written by Hans Tietmeyer and published by . This book was released on 1990 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book German Unification written by Manfred J. M. Neumann and published by . This book was released on 1991 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monitoring European Integration written by and published by Centre for Economic Policy Research. This book was released on 1990 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book German Unification written by Joseph Gagnon and published by . This book was released on 2006 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews early simulations of the effects of German unification using three different rational-expectations multi-country models. Despite significant differences in their structures and in the implementations of the unification shock the models delivered a number of common results that proved reasonably accurate guides to the direction and magnitude of the effects of unification on key macroeconomic variables. Unification was expected to give rise to an increase in German aggregate demand that would put upward pressure on output inflation and the exchange rate and downward pressure on the current account balance. The model simulations also highlighted contractionary effects of high German interest rates on EMS countries.
Download or read book Macroeconomic Policies for EU Accession written by Erdem Basci and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors - well-known economists and policymakers - examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration. The book is divided into four parts: fiscal policies and sustainability of public finances, monetary policy challenges, preconditions for euro adoption, sustainable regimes of capital movements. Each topic is studied in two consecutive papers concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey. Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.
Download or read book The Monetary Economics of Europe written by Christopher Johnson and published by Fairleigh Dickinson Univ Press. This book was released on 1994 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on research commissioned by the European Parliament, this volume allows the economists contributing to offer their own explanations for the collapse of the European Monetary System, with the use of economic models.
Download or read book German Unification and Its Impact on Net Savings written by Horst Siebert and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
