Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31522 
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dc.contributor.authordel Pinei, Jorge H.en
dc.contributor.authorTaguba, Leah M.en
dc.contributor.authorCresce, Arthur R.en
dc.contributor.authorMorning, Annen
dc.date.accessioned2005-12-05-
dc.date.accessioned2010-05-14T11:08:30Z-
dc.date.available2010-05-14T11:08:30Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/31522-
dc.description.abstractThis paper investigates the causes of western Germany's remarkably poor performance since 1992. The paper challenges the view that the poor record of the nineties, particularly the marked deterioration in public finances since unification, might be largely attributable to unification. Instead, the analysis highlights the role of ill-timed and overly ambitious fiscal consolidation in conjunction with tight monetary policies of an exceptional length and degree. The issue of fiscal sustainability and Germany's fiscal and monetary policies are assessed both in the light of economic theory and in comparison to the best practices of other more successful countries. The analysis concludes that Germany's dismal record of the nineties must not be seen as a direct and apparently inevitable result of unification. Rather, the record arose as a perfectly unnecessary consequence of unsound macro demand policies conducted under the Bundesbank's dictate in response to it, policies that caused the severe and protracted de-stabilization of western Germany in the first place.en
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aWorking Paper |x329en
dc.subject.ddc330en
dc.titleReporting of two or more races in the 1999 American community survey-
dc.typeWorking Paperen
dc.identifier.ppn503898945en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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