Germany: Staff Report for the 1999 Article IV Consultation

November 8, 1999

Summary

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:
https://doi.org/10.5089/9781451810332.002
Issue:
129
Series:
Country Report No. 1999/129
Stock No:
1DEUEA0011999
ISBN:
9781451810332
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 99/101--IMF Concludes Article IV Consultation with Germany.

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