Germany: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/129, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that the monetary conditions in Germany have eased significantly since late 1998, reflecting both policy actions and exchange rate developments. Short-term interest rates were reduced by the Bundesbank to 3 percent in December 1998 and, in the new context of European Monetary Union, by the European Central Bank to 2½ percent in April 1999. The depreciation of the euro against other currencies since its inception in January 1999 has also been supportive of activity.

Keywords: ISCR; CR; financial market development; developments in the United States; rate; wage; youth unemployment; IFO business climate index; emerging market crisis; Labor markets; Labor costs; Social security contributions; Tax allowances; Europe; Global (search for similar items in EconPapers)
Pages: 43
Date: 1999-11-08
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