Germany: Selected Issues

International Monetary Fund

No 2008/081, IMF Staff Country Reports from International Monetary Fund

Abstract: Increases in core inflation owing to the VAT hike were smaller than expected, initially constituting a puzzle and 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 system has undergone substantial reforms, leading to a pronounced strengthening of control by outsiders.

Keywords: ISCR; CR; core inflation; price; EU member states; durable goods; rate; life-cycle earnings dynamics; immigration restriction; VAT hike; emigration survey; Value-added tax; Inflation; Migration; Corporate governance; Skilled labor; Europe; Global (search for similar items in EconPapers)
Pages: 51
Date: 2008-02-27
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Citations: View citations in EconPapers (1)

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