Germany: Staff Report for the 1999 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 1999/129
Subject:
Labor Labor costs Labor markets Social security contributions Tax allowances Taxes
Notes:
Included with the Staff Report is the text of Public Information Notice No. 99/101--IMF Concludes Article IV Consultation with Germany.
English
Publication Date:
November 8, 1999
ISBN/ISSN:
9781451810332/1934-7685
Stock No:
1DEUEA0011999
Pages:
43
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