 Long-Term Growth, Money and Inflation in Germany, 1880–1979: an Historical OverviewAndrea Sommariva and Giuseppe Tullio Chapter 1 in German Macroeconomic History, 1880–1979, 1987, pp 13-82 from Palgrave Macmillan Abstract: Abstract This chapter analyses by means of simple charts and tables the long-term economic development of the German economy from 1880 to 1979. Section 1.1 describes the various phases of economic growth in relation to developments of factors of production (labour and capital). Other factors influencing economic growth, as technical progress, changes in the degree of openness of the economy, investment in human capital and changes in the terms of trade and in taxation are also dealt with in this section. Section 1.2 analyses structural changes in aggregate demand while Section 1.3 describes developments of the major items of the balance of payments in the various stages of economic growth. Section 1.4 deals with the changing role of government in the economy, and structural changes in the fiscal system, while Section 1.5 concentrates on the changes in the structure of the monetary system, on monetary policy and inflation. Keywords: Exchange Rate; Central Bank; Total Factor Productivity; Government Expenditure; Real Interest Rate (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06591-2_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-06591-2_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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