This book analyzes Germany's economic performance at the turn of the twenty-first century. The period under observation … strecthes from Germany's unification in 1990 over the death of the German Mark to first experiences with the Euro, with East … Germany providing a hot topic of debate. …

This book provides a comprehensive understanding of Germany's economic performance at the turn of the twenty …-first century. The period under observation and analysis stretches from Germany's unification in 1990 over the death of the German … Mark to first experiences with the Euro, with particular attention given to East Germany. …

restrictive and sometimes pro-cyclical fiscal policies and overly moderate wage policies in Germany since the mid 1990s. This view … Germany urgently needs more expansive fiscal and monetary policies in the short run, and that in the medium run the conditions … for nominal wage growth in Germany according to the sum of long run national productivity growth and the ECB's inflation …

German reunication was a positive market access shock for both East and West Germany. Regions that for 45 years had … experienced a decline in population due to their loss in market access following the division of Germany of WWII were most … value of land in West Germany. We find that regions in the immediate border area experienced a relative rise in land prices …