Germany in an interconnected world economy / editor Ashoka Mody.

Format:

Book

Contributor:

Mody, Ashoka, editor.

Language:

English

Subjects (All):

Germany--Economic conditions--1990-.

Germany.

Economic conditions.

Germany--Foreign economic relations.

International economic relations.

Physical Description:

ix, 270 pages : illustrations ; 23 cm

Place of Publication:

Washington, D.C., U.S.A. : International Monetary Fund, [2013]

Summary:

The German economy has continually displayed a capacity to regenerate itself. Its emergence from the Great Recession-and especially its ability to generate jobs-has been widely, and rightly, lauded. With its success, Germany has been called on to assist the global recovery. But some aspects of Germany's Economy-its current account surplus, wage moderation, and pace of fiscal consolidation-have been regarded with concern. Rather than short-term responses to these concerns, the German challenge is to strengthen its areas of weakness. A greater emphasis is needed on innovation that extends Germany beyond its traditional manufacturing strengths. A new model of social safety nets, drawing possibly on the Nordic experience, could also help increase labor force participation to counter the growing number of retiring workers. Such actions would also be good for Europe and the global economy. Book jacket.

Contents:

Tests of German resilience / Fabian Bornhorst and Ashoka Mody

The crisis's impact on potential growth in Germany : the nature of the shock matters / Martin Schindler

German productivity growth : an industry perspective / Hélène Poirson

What does the crisis tell us about the German labor market? / Martin Schindler

Growth spillover dynamics : from crisis to recovery / Hélène Poirson and Sebastien Weber

Do fiscal spillovers matter? / Anna Ivanova and Sebastien Weber

Current account imbalances : can structural policies make a difference? / Anna Ivanova

Discussion / Malte Hübner.

Notes:

Includes bibliographical references and index.

ISBN:

1616354240

9781616354244

OCLC:

837959233