Oecd economic surveys : germany 1991 / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic Surveys: Germany

Language:

English

Subjects (All):

Economic surveys.

Physical Description:

1 online resource (184 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1991]

Language Note:

English

Summary:

Introduction I. Integrating a "Command Economy" into a Market Economy -Key structural and institutional differences at the time of unification -Political control of the economy -The infrastructure -Production factor endowments -Comparative macroeconomic output and demand structures -External openness and comparative advantage -Unification: developments and institutions -An immediate and full exposure to international competition -Monetary unification -Property rights -The institutional framework II. First-year Challenges and Macroeconomic Outcomes -Large and widening internal imbalances -Demand and output -The labour market, migration and wages -Moderate inflation pressures in western Germany -Price level adjustment in eastern Germany -Declining balance-of-payments surplus III. The Macroeconomic Policy Response -Fiscal policy and budgetary developments in 1990 and 1991 -1990: the initial situation and first policy adjustments -1991: rising public sector deficit -Financial aid to the eastern Lander and subsidisation -Sustainability and medium-term fiscal consolidation plans -Monetary policy and developments -General policy considerations -A monetary overhang? -Money and exchange market developments -Capital market trends IV. Restructuring of eastern German Industry and Revitalisation of the Enterprise Sector -The need for enterprise restructuring: scope and nature of the problem -An incompatible enterprise structure -An obsolete capital stock and old technology -High pollution levels -Unsuitable management skills -High enterprise liabilities -Inadequate infrastructure and run-down housing -The introduction of property rights -Strategies, instruments and policy progress -Restitution of private enterprises and property -Privatisation -Maintaining enterprises pending privatisation -Liquidation and closures -Encouraging investment and new businesses

-Labour market measures -Indirect or direct support for employment? -Concluding remarks V. Recent Trends and Short-term Prospects -Recent trends Short-term prospects -The external environment -Macroeconomic policies -Wages and the supply of labour -Demand and imports -Output, employment and inflation -The balance of payments -Eastern Germany VI. Conclusions Notes and references Annex -I. 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:

92-64-16418-9

OCLC:

822219343