Die Bedeutung monetärer Größen für die deutsche Wachstumsschwäche 1995 -2005

Jonas Dovern, Nils Jannsen and Joachim Scheide

No 1492, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects on growth. On the contrary, the introduction of the euro and the single monetary policy for the euro area seems to have contributed significantly to the low trend growth rate in Germany between 1999 and 2005.

Keywords: Weak growth; monetary conditions; monetary policy; real exchange rate; EMU (search for similar items in EconPapers)
JEL-codes: E32 E52 E58 F31 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Journal Article: Die Bedeutung monetärer Größen für die deutsche Wachstumsschwäche 1995–2005 (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1492

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