Germany : 1991/1992 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development, contributor.

Series:

OECD Economic surveys (Series)

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Germany--Economic conditions--1974-.

Germany.

Germany--Economic policy--1974-.

Physical Description:

1 online resource (131 pages).

Edition:

1st ed.

Place of Publication:

Paris : OECD Publishing, [1992]

Language Note:

English

Summary:

Introduction I. On the road to integration -1991 in retrospect: summary of annual projections and outcomes -Demand and output growth weakened through 1991 -Trends in demand -Stagnating output and falling productivity -The labour market: falling unemployment in the west - falling employment in the east -An intensifying cost-price spiral -Turnaround of the cuirent external account II. Efforts to safeguard macroeconomic stability -Fiscal policy: striving to contain borrowing requirements -1991: higher spending pressure met with higher taxation -Better-than-expected outcomes for 1991 -Higher public sector deficit in prospect for 1992 -Rising public transfers to the new Lander -Public sector borrowing requirements -Medium-term fiscal consolidation -Monetary policy: the quest for financial stability -Accelerating monetary growth despite higher interest rates -Foreign exchange and capital market developments -Structural policies: selected issues -Subsidy cutting: difficult first steps -Privatisation III. The present situation and projections to 1993 -Policy assumptions -Fiscal policy: efforts to reduce public sector deficits -No let-up in the anti-inflationary stance of monetary policy -The outlook to 1993 IV. The labour market after unification -The development of labour market institutions in western Germany -Collective bargaining and co-determination -Contract enforcement and extension -Education, training and active labour market measures -Strikes, employment protection and social security -The labour market situation and adjustment in eastern Germany --Convergence through the market? --Wage determination - collective bargaining and the social partners --Convergence and catch-up settlements --Social security and employment creation measures -Overview V. Conclusions Notes and references Annex: Chronology of main economic events Statistical and

structural annex.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-16468-5

OCLC:

1225547355