| Description |
1 online resource (iii, 27 pages) : illustrations |
| Series |
IMF working paper ; WP/96/43 |
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IMF working paper ; WP/96/43.
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| Summary |
Annotation This study reviews early simulations of the effects of German unification using three different rational-expectations multi-country models. Despite significant differences in their structures and in the implementations of the unification shock, the models delivered a number of common results that proved reasonably accurate guides to the direction and magnitude of the effects of unification on key macroeconomic variables. Unification was expected to give rise to an increase in German aggregate demand that would put upward pressure on output, inflation, and the exchange rate, and downward pressure on the current account balance. the model simulations also highlighted contractionary effects of high German interest rates on EMS countries |
| Bibliography |
Includes bibliographical references (page 27) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Recessions -- European Union countries
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Foreign exchange rates -- Europe
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Economic forecasting -- Econometric models
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Economic forecasting -- Econometric models.
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Economic history.
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Economic policy.
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Foreign exchange rates.
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Recessions.
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| SUBJECT |
Germany -- Economic conditions -- 1990-
http://id.loc.gov/authorities/subjects/sh91000418
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Germany -- Economic policy -- 1990-
http://id.loc.gov/authorities/subjects/sh91000422
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Germany -- History -- Unification, 1990.
http://id.loc.gov/authorities/subjects/sh91000423
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| Subject |
Europe.
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European Union countries.
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Germany.
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| Genre/Form |
History.
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| Form |
Electronic book
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| Author |
Masson, Paul R., author.
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McKibbin, Warwick J., 1957- author.
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International Monetary Fund. Research Department, issuing body.
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| ISBN |
1462382339 |
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9781462382330 |
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9781455286690 |
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1455286699 |
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