OECD Economic Surveys: Germany

Frequency :
Tous les 18 mois
ISSN :
1999-0251 (en ligne)
ISSN :
1995-3194 (imprimé)
DOI :
10.1787/19990251
Prochaine édition: 13 mai 2014
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OECD’s periodic surveys of the German economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

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OECD Economic Surveys: Germany 1991

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Auteur(s):
OCDE
Date de publication :
01 jan 1991
Pages :
184
ISBN :
9789264164185 (PDF)
DOI :
10.1787/eco_surveys-deu-1991-en

Cacher / Voir l'abstract

OECD's 1991 Economic Survey of Germany examines integrating a command economy into a market economy, first year challenges and macroeconomic outcomes, the macroeconomic policy response, restructuring of eastern German industry and revitalising the enterprise sector, and recent trends and prospects.
Egalement disponible en: Français

Table des matières

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