Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...

Our paper explores the recent trends in outward processing (OP) of German firms in former centrally planned economies (CPEs). We argue that OP is an interesting alternative to cross-border trade and equity foreign arrangements. We present the theoretical framework to understand OP as well as...

The paper investigates the recent trends in privatization by local government organizations in Germany. It comes to the conclusion that the privatization policy has been two-directional: on the one hand, municipalities have reduced their economic activities, mainly by different forms of...

In the five years after unification, efforts to bring up the eastern part of Germany to the level of the western one have made considerable progress. Eastern Germany's growth is moving towards the double digits, just like growth in the Pacific Rim region. But not all things have developed as...

Die Bundesrepublik und das Vereinigte Königreich sind in vieler Hinsicht vergleichbar: Beide sind fortgeschrittene Industrieländer, haben fast die gleiche Fläche und Einwohnerzahl, und der Unterschied im Pro-Kopf-Einkommen, wie ihn die Statistik ausweist, ist nicht sehr groß. Beide Länder...