Germany: Staff Report for the 1999 Article IV Consultation
November 8, 1999
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This 1999 Article IV Consultation highlights that the monetary conditions in Germany have eased significantly since late 1998, reflecting both policy actions and exchange rate developments. Short-term interest rates were reduced by the Bundesbank to 3 percent in December 1998 and, in the new context of European Monetary Union, by the European Central Bank to 2½ percent in April 1999. The depreciation of the euro against other currencies since its inception in January 1999 has also been supportive of activity.
Subject: Labor, Labor costs, Labor markets, Social security contributions, Tax allowances, Taxes
Keywords: CR, developments in the United States, emerging market crisis, Europe, financial market development, Global, IFO business climate index, ISCR, Labor costs, Labor markets, rate, Social security contributions, Tax allowances, wage, youth unemployment
Pages:
43
Volume:
1999
DOI:
Issue:
129
Series:
Country Report No. 1999/129
Stock No:
1DEUEA0011999
ISBN:
9781451810332
ISSN:
1934-7685
Notes
Included with the Staff Report is the text of Public Information Notice No. 99/101--IMF Concludes Article IV Consultation with Germany.
