activity but also raise risks of inflation. The major problem in Western Europe is unemployment, which remains stubbornly high … relatively steep fall of inflation in the United Kingdom was associated with a significant decline in unemployment. While total … investment in machinery and equipment. Inflation remained at low levels. However, in most countries the bottom seems to have been …

Das Wachstum des Produktionspotentials in Deutschland dürfte sich seit dem Jahr 2004 um rund einen halben Prozentpunkt …

money shall not be exceeded and if the target for inflation shall be achieved. Furthermore, the differences in growth rates … levels during the past decade. Finally, it is analyzed why inflation rates have differed in recent years. The main reason … differences can also be expected for the future, inflation rates will not be equal, i.e., there will also be changes in real …

example, in Germany. These high rates will be reduced quickly. Monetary policy will thus become more expansionary not only in … low interest rates will tighten their policy because such moves would be resisted in the light of the severe unemployment … France and in Germany. In summary, fiscal policy will have an expansionary effect on economic activity in 1998. The upswing …

performance of Western European countries in terms of real GNP growth has been weaker than in previous decades, and unemployment … investment and the flexibility in the labor market must be strengthened. As case studies for West Germany show, regulations, high … minimum wages, wage costs and unemployment benefits have contributed to the longterm rise in unemployment. Therefore, demand …

Central and Eastern Europe's Emerging Market Economies (EMEs) 12 b. The Impact on Germany 14 c. Political Consequences 14 2 … Environmental Policy in the EC and in Germany 55 b. The Eastern German Energy Market and Environmental Targets 57 2. Transport 57 a …

coordination with monetary policy. According to the simulations, employment in Germany would increase by about 750,000 persons in … example: If the social partners in a large country such as Germany give a credible signal that wage increases will be moderate …