Germany : Selected Issues

1DEUEA0022004 Image
Price:  $15.00

Release Date: © November, 2004
ISBN : 978-1-45181-045-5
Stock #: 1DEUEA0022004
English
Stock Status: On back-order

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Description

This Selected Issues paper on Germany reviews investment trends and business capital stock in Organization for Economic Co-operation and Development (OECD) countries. Sharp wage increases are found to boost capital formation in the short term as employers substitute capital for labor at a rate that adjusts to the higher relative price for labor. To limit the political economy biases to fiscal policy, the paper explores options to strengthen budgetary institutions, notably more transparency; stronger budgetary rules; and more room for Länder governments to mobilize revenue and tailor spending to local circumstances.




More publications in this series: IMF Staff Country Reports