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Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

IMF Executive Board Concludes 2020 Article IV Consultation with Germany

IMF Executive Board Concludes 2020 Article IV Consultation with Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Germany
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566733.002

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Statement by Mr. von Kleist, Executive Director for Germany, Mr. Merk, Alternate Executive Director and Mr. Buetzer, Senior Advisor January 13, 2021

Statement by Mr. von Kleist, Executive Director for Germany, Mr. Merk, Alternate Executive Director and Mr. Buetzer, Senior Advisor January 13, 2021 »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown

Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown »

Volume/Issue: 2020/294

Series: IMF Working Papers

Author(s): Sophia Chen , and Do Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

DOI: http://dx.doi.org/10.5089/9781513564647.001

ISBN: 9781513564647

Keywords: Total factor productivity, Credit default swap, Credit, Financial statements, Financial crises, Credit constraint, Financial crisis, Firm size, Intangibles, Producvitity

We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the Global Financial Crisis. The TFP growth of smaller firms was more adversely affected and diverged...

Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown1

Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown1 »

Source: Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown

Volume/Issue: 2020/294

Series: IMF Working Papers

Author(s): Sophia Chen , and Do Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564647

Keywords: Total factor productivity, Credit default swap, Credit, Financial statements, Financial crises, Credit constraint, Financial crisis, Firm size, Intangibles, Producvitity

We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the Global Financial Crisis. The TFP growth of smaller firms was more adversely affected and diverged...

Wealth Inequality and Private Savings: The Case of Germany

Wealth Inequality and Private Savings: The Case of Germany »

Volume/Issue: 2020/107

Series: IMF Working Papers

Author(s): Mai Dao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

DOI: http://dx.doi.org/10.5089/9781513546063.001

ISBN: 9781513546063

Keywords: National income, Interest rates on deposits, Flow of funds, National accounts, Financial crises, Germany, wealth inequality, corporate saving, current account surplus., WP

This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital incom...

Wealth Inequality and Private Savings: The Case of Germany

Wealth Inequality and Private Savings: The Case of Germany »

Source: Wealth Inequality and Private Savings: The Case of Germany

Volume/Issue: 2020/107

Series: IMF Working Papers

Author(s): Mai Dao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513546063

Keywords: National income, Interest rates on deposits, Flow of funds, National accounts, Financial crises, Germany, wealth inequality, corporate saving, current account surplus., WP

This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital incom...

Immigration and Wage Dynamics in Germany

Immigration and Wage Dynamics in Germany »

Volume/Issue: 2019/301

Series: IMF Working Papers

Author(s): Sabine Klinger , Anvar Musayev , Jean-Marc Natal , and Enzo Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

DOI: http://dx.doi.org/10.5089/9781513521145.001

ISBN: 9781513521145

Keywords: Labor market reforms, Labor market characteristics, Labor costs, Labor supply, Labor productivity, wage growth, Phillips curve, immigration, micro-data, panel regression

German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in une...

Immigration and Wage Dynamics in Germany

Immigration and Wage Dynamics in Germany »

Source: Immigration and Wage Dynamics in Germany

Volume/Issue: 2019/301

Series: IMF Working Papers

Author(s): Sabine Klinger , Anvar Musayev , Jean-Marc Natal , and Enzo Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513521145

Keywords: Labor market reforms, Labor market characteristics, Labor costs, Labor supply, Labor productivity, wage growth, Phillips curve, immigration, micro-data, panel regression

German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in une...

Germany: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

Germany: Selected Issues

Germany: Selected Issues »

Source: Germany : Selected Issues

Volume/Issue: 2019/214

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324632

Keywords: Tax revenue, Disposable income, Income distribution, Tax rates, Tax reforms, Tax bases, wealth inequality, LBT, marginal tax rate, euro area

This Selected Issues paper explores wealth inequality and private savings in Germany. Trends in increasing corporate profits and gross savings have widened top income inequality, as corporations are typically owned...

Germany: Selected Issues

Germany: Selected Issues »

Source: Germany : Selected Issues

Volume/Issue: 2019/214

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324632

Keywords: Tax revenue, Disposable income, Income distribution, Tax rates, Tax reforms, Tax bases, wealth inequality, LBT, marginal tax rate, euro area

This Selected Issues paper explores wealth inequality and private savings in Germany. Trends in increasing corporate profits and gross savings have widened top income inequality, as corporations are typically owned...

Germany: Staff Report for the 2019 Article IV Consultation—Informational Annex

Germany: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

IMF Executive Board Concludes 2019 Article IV Consultation with Germany

IMF Executive Board Concludes 2019 Article IV Consultation with Germany »

Source: Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

Germany
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

DOI: http://dx.doi.org/10.5089/9781498324625.002

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

Germany
			: Selected Issues

Germany : Selected Issues »

Volume/Issue: 2019/214

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

DOI: http://dx.doi.org/10.5089/9781498324632.002

ISBN: 9781498324632

Keywords: Tax revenue, Disposable income, Income distribution, Tax rates, Tax reforms, Tax bases, wealth inequality, LBT, marginal tax rate, euro area

This Selected Issues paper explores wealth inequality and private savings in Germany. Trends in increasing corporate profits and gross savings have widened top income inequality, as corporations are typically owned...

Statement by Mr. Meyer, Executive Director for Germany July 8, 2019

Statement by Mr. Meyer, Executive Director for Germany July 8, 2019 »

Source: Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s

Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s »

Source: Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s

Volume/Issue: 2019/32

Series: IMF Working Papers

Author(s): Johannes Wiegand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2019

ISBN: 9781484394724

Keywords: Currency reform, Fixed exchange rates, Exchange rate regimes, Currency question, Gold, Bimetallism;Gold Standard;France;Germany;Flandreau;specie;silver specie;gold currency

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries t...

Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s

Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s »

Volume/Issue: 2019/32

Series: IMF Working Papers

Author(s): Johannes Wiegand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2019

DOI: http://dx.doi.org/10.5089/9781484394724.001

ISBN: 9781484394724

Keywords: Currency reform, Fixed exchange rates, Exchange rate regimes, Currency question, Gold, Bimetallism;Gold Standard;France;Germany;Flandreau;specie;silver specie;gold currency

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries t...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1 »

Source: Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries »

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

DOI: http://dx.doi.org/10.5089/9781484390054.001

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Germany: 2018 Article IV Consultation—Press Release; Staff Report and Statement by the Executive Director for Germany

Germany: 2018 Article IV Consultation—Press Release; Staff Report and Statement by the Executive Director for Germany »

Source: Germany : 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany

Volume/Issue: 2018/208

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 July 2018

ISBN: 9781484366158

Keywords: Europe, Germany

The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to lev...

Germany: Staff Report for the 2018 Article IV Consultation—Informational Annex

Germany: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Germany : 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany

Volume/Issue: 2018/208

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 July 2018

ISBN: 9781484366158

Keywords: Europe, Germany

The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to lev...

IMF Executive Board Concludes 2018 Article IV Consultation with Germany

IMF Executive Board Concludes 2018 Article IV Consultation with Germany »

Source: Germany : 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany

Volume/Issue: 2018/208

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 July 2018

ISBN: 9781484366158

Keywords: Europe, Germany

The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to lev...

Germany
			: 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany

Germany : 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany »

Volume/Issue: 2018/208

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 July 2018

DOI: http://dx.doi.org/10.5089/9781484366158.002

ISBN: 9781484366158

Keywords: Europe, Germany

The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to lev...

Statement by Mr. Merk, Alternate Executive Director on Germany June 29, 2018

Statement by Mr. Merk, Alternate Executive Director on Germany June 29, 2018 »

Source: Germany : 2018 Article IV Consultation - Press Release; Staff Report and Statement by the Executive Director for Germany

Volume/Issue: 2018/208

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 July 2018

ISBN: 9781484366158

Keywords: Europe, Germany

The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to lev...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484340424.087

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Source: Revisiting the Economic Case for Fiscal Union in the Euro Area

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...

Germany: Selected Issues

Germany: Selected Issues »

Source: Germany : Selected Issues

Volume/Issue: 2017/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307915

Keywords: Foreign direct investment, Transnational corporations, Wages, Inflation, Labor markets, Income distribution, Economic models, Selected issues, Germany

This paper analyzes a very large database of corporate financial statements and ownership information published by Bureau van Dyck, to compare the profitability of German-owned firms located in Germany with that of...

Germany: Selected Issues

Germany: Selected Issues »

Source: Germany : Selected Issues

Volume/Issue: 2017/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307915

Keywords: Foreign direct investment, Transnational corporations, Wages, Inflation, Labor markets, Income distribution, Economic models, Selected issues, Germany

This paper analyzes a very large database of corporate financial statements and ownership information published by Bureau van Dyck, to compare the profitability of German-owned firms located in Germany with that of...

Germany: Selected Issues

Germany: Selected Issues »

Source: Germany : Selected Issues

Volume/Issue: 2017/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307915

Keywords: Foreign direct investment, Transnational corporations, Wages, Inflation, Labor markets, Income distribution, Economic models, Selected issues, Germany

This paper analyzes a very large database of corporate financial statements and ownership information published by Bureau van Dyck, to compare the profitability of German-owned firms located in Germany with that of...

Germany: Staff Report for the 2017 Article IV Consultation

Germany: Staff Report for the 2017 Article IV Consultation »

Source: Germany : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2017/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307908

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Pension reforms, Fiscal reforms, Monetary policy, Income distribution, Poverty, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Germany's growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, whi...

Germany: Staff Report for the 2017 Article IV Consultation—Informational Annex

Germany: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Germany : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2017/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307908

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Pension reforms, Fiscal reforms, Monetary policy, Income distribution, Poverty, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Germany's growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, whi...

IMF Executive Board Concludes the 2017 Article IV Consultation with Germany

IMF Executive Board Concludes the 2017 Article IV Consultation with Germany »

Source: Germany : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2017/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307908

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Pension reforms, Fiscal reforms, Monetary policy, Income distribution, Poverty, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Germany's growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, whi...

Germany
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2017/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

DOI: http://dx.doi.org/10.5089/9781484307908.002

ISBN: 9781484307908

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Pension reforms, Fiscal reforms, Monetary policy, Income distribution, Poverty, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Germany's growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, whi...

Germany
			: Selected Issues

Germany : Selected Issues »

Volume/Issue: 2017/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

DOI: http://dx.doi.org/10.5089/9781484307915.002

ISBN: 9781484307915

Keywords: Foreign direct investment, Transnational corporations, Wages, Inflation, Labor markets, Income distribution, Economic models, Selected issues, Germany

This paper analyzes a very large database of corporate financial statements and ownership information published by Bureau van Dyck, to compare the profitability of German-owned firms located in Germany with that of...

Statement by Steffen Meyer, Executive Director for Germany June 28, 2017

Statement by Steffen Meyer, Executive Director for Germany June 28, 2017 »

Source: Germany : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2017/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484307908

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Pension reforms, Fiscal reforms, Monetary policy, Income distribution, Poverty, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that Germany's growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, whi...

Labor Market Institutions and the Cost of Recessions

Labor Market Institutions and the Cost of Recessions »

Volume/Issue: 2017/87

Series: IMF Working Papers

Author(s): Tom Krebs , and Martin Scheffel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2017

DOI: http://dx.doi.org/10.5089/9781475592245.001

ISBN: 9781475592245

Keywords: Incomplete markets, Europe, Germany, Labor market institutions, cost of Recessions, German Labor Market Reform

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incompl...

Labor Market Institutions and the Cost of Recessions

Labor Market Institutions and the Cost of Recessions »

Source: Labor Market Institutions and the Cost of Recessions

Volume/Issue: 2017/87

Series: IMF Working Papers

Author(s): Tom Krebs , and Martin Scheffel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2017

ISBN: 9781475592245

Keywords: Incomplete markets, Europe, Germany, Labor market institutions, cost of Recessions, German Labor Market Reform

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incompl...

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method1

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method1 »

Source: Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method

Volume/Issue: 2016/171

Series: IMF Working Papers

Author(s): Bibek Adhikari , Romain Duval , Bingjie Hu , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2016

ISBN: 9781475524277

Keywords: structural reforms, synthetic control method,liberalization, labor and productivity market reforms, growth.

A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case s...

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method »

Volume/Issue: 2016/171

Series: IMF Working Papers

Author(s): Bibek Adhikari , Romain Duval , Bingjie Hu , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2016

DOI: http://dx.doi.org/10.5089/9781475524277.001

ISBN: 9781475524277

Keywords: structural reforms, synthetic control method,liberalization, labor and productivity market reforms, growth.

A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case s...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision

Volume/Issue: 2016/196

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781475564617

This paper provides assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in Germany. Since the last Financial Sector Assessment Program (FSAP), German...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Financial System Stability Assessment

Volume/Issue: 2016/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781475577730

This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it i...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Anti-Money Laundering and Combating the Financing of Terrorism-Technical Notes

Volume/Issue: 2016/190

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498323697

This paper sets out the findings and recommendations in the selected areas of Germany's Anti- Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime made in the context of the Financial Sector A...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Fund Management: Regulation, Supervision and Systemic Risk Monitoring-Technical Notes

Volume/Issue: 2016/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498324878

This paper discusses the German asset management sector and an analysis of certain key aspects of the regulatory and supervisory regime. Germany has a large and diverse asset management sector to which it applies a...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Detailed Assessment of Observance on the Eurex Clearing AG Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures

Volume/Issue: 2016/197

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781475564631

This paper provides a detailed assessment of observance on the Eurex Clearing AG observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions principles for fin...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Insurance Sector Supervision-Technical Notes

Volume/Issue: 2016/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498323710

This paper provides an update on the German insurance sector and an analysis of certain key aspects of the regulatory and supervisory regime. It includes an analysis of German practice in relation to selected Insur...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes

Volume/Issue: 2016/191

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781475564549

This paper assesses Germany's financial system and, in particular, its potential for spillover risk. The analysis comprises structural and financial statement analyses, detailed stress tests for banks and insurance...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes

Volume/Issue: 2016/194

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498325431

This paper analyzes the crisis preparedness and crisis management frameworks for German banks. Banks dominate German financial system and represent one of the largest small- and medium-sized banking segments in the...

Germany

Germany »

Source: Germany : Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes

Volume/Issue: 2016/195

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781475578225

This paper focuses on the current state of the principal markets for nondeposit based funding for German financial institutions. A key finding is that although the current level of liquidity of the banking system i...

Germany: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2016/202

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498333979

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 20...

GERMANY: SELECTED ISSUES

GERMANY: SELECTED ISSUES »

Source: Germany : Selected Issues

Volume/Issue: 2016/203

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498334020

This paper analyzes the macroeconomic impact of targeted labor market reforms aimed at boosting employment and labor productivity and the price responsiveness of German residential investment. Germany's population...

GERMANY: SELECTED ISSUES

GERMANY: SELECTED ISSUES »

Source: Germany : Selected Issues

Volume/Issue: 2016/203

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498334020

This paper analyzes the macroeconomic impact of targeted labor market reforms aimed at boosting employment and labor productivity and the price responsiveness of German residential investment. Germany's population...

Germany: Staff Report for the 2016 Article IV Consultation—Informational Annex

Germany: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: Germany : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2016/202

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498333979

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 20...

IMF Executive Board Concludes the 2016 Article IV Consultation with Germany

IMF Executive Board Concludes the 2016 Article IV Consultation with Germany »

Source: Germany : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2016/202

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498333979

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 20...

Germany
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2016/202

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498333979.002

ISBN: 9781498333979

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 20...

Germany
			: Financial Sector Assessment Program-Anti-Money Laundering and Combating the Financing of Terrorism-Technical Notes

Germany : Financial Sector Assessment Program-Anti-Money Laundering and Combating the Financing of Terrorism-Technical Notes »

Volume/Issue: 2016/190

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498323697.002

ISBN: 9781498323697

This paper sets out the findings and recommendations in the selected areas of Germany's Anti- Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime made in the context of the Financial Sector A...

Germany
			: Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes

Germany : Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes »

Volume/Issue: 2016/194

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498325431.002

ISBN: 9781498325431

This paper analyzes the crisis preparedness and crisis management frameworks for German banks. Banks dominate German financial system and represent one of the largest small- and medium-sized banking segments in the...

Germany
			: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision

Germany : Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2016/196

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781475564617.002

ISBN: 9781475564617

This paper provides assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in Germany. Since the last Financial Sector Assessment Program (FSAP), German...

Germany
			: Financial Sector Assessment Program-Detailed Assessment of Observance on the Eurex Clearing AG Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures

Germany : Financial Sector Assessment Program-Detailed Assessment of Observance on the Eurex Clearing AG Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures »

Volume/Issue: 2016/197

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781475564631.002

ISBN: 9781475564631

This paper provides a detailed assessment of observance on the Eurex Clearing AG observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions principles for fin...

Germany
			: Financial Sector Assessment Program-Financial System Stability Assessment

Germany : Financial Sector Assessment Program-Financial System Stability Assessment »

Volume/Issue: 2016/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781475577730.002

ISBN: 9781475577730

This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it i...

Germany
			: Financial Sector Assessment Program-Fund Management: Regulation, Supervision and Systemic Risk Monitoring-Technical Notes

Germany : Financial Sector Assessment Program-Fund Management: Regulation, Supervision and Systemic Risk Monitoring-Technical Notes »

Volume/Issue: 2016/193

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498324878.002

ISBN: 9781498324878

This paper discusses the German asset management sector and an analysis of certain key aspects of the regulatory and supervisory regime. Germany has a large and diverse asset management sector to which it applies a...

Germany
			: Financial Sector Assessment Program-Insurance Sector Supervision-Technical Notes

Germany : Financial Sector Assessment Program-Insurance Sector Supervision-Technical Notes »

Volume/Issue: 2016/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498323710.002

ISBN: 9781498323710

This paper provides an update on the German insurance sector and an analysis of certain key aspects of the regulatory and supervisory regime. It includes an analysis of German practice in relation to selected Insur...

Germany
			: Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes

Germany : Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes »

Volume/Issue: 2016/191

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781475564549.002

ISBN: 9781475564549

This paper assesses Germany's financial system and, in particular, its potential for spillover risk. The analysis comprises structural and financial statement analyses, detailed stress tests for banks and insurance...

Germany
			: Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes

Germany : Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes »

Volume/Issue: 2016/195

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781475578225.002

ISBN: 9781475578225

This paper focuses on the current state of the principal markets for nondeposit based funding for German financial institutions. A key finding is that although the current level of liquidity of the banking system i...

Germany
			: Selected Issues

Germany : Selected Issues »

Volume/Issue: 2016/203

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

DOI: http://dx.doi.org/10.5089/9781498334020.002

ISBN: 9781498334020

This paper analyzes the macroeconomic impact of targeted labor market reforms aimed at boosting employment and labor productivity and the price responsiveness of German residential investment. Germany's population...

Statement by Mr. Steffen Meyer, Executive Director for Germany, June 24, 2016

Statement by Mr. Steffen Meyer, Executive Director for Germany, June 24, 2016 »

Source: Germany : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2016/202

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2016

ISBN: 9781498333979

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 20...

How do Experts Forecast Sovereign Spreads?*

How do Experts Forecast Sovereign Spreads?* »

Source: How do Experts Forecast Sovereign Spreads?

Volume/Issue: 2016/100

Series: IMF Working Papers

Author(s): Jacopo Cimadomo , Peter Claeys , and Marcos Poplawski-Ribeiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2016

ISBN: 9781484362068

Keywords: market expectations, sovereign bond spreads, survey data, Consensus Economics.

This paper assesses how forecasting experts form their expectations about future government bond spreads. Using monthly survey forecasts for France, Italy and the United Kingdom between January 1993 and October 201...

How do Experts Forecast Sovereign Spreads?

How do Experts Forecast Sovereign Spreads? »

Volume/Issue: 2016/100

Series: IMF Working Papers

Author(s): Jacopo Cimadomo , Peter Claeys , and Marcos Poplawski-Ribeiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2016

DOI: http://dx.doi.org/10.5089/9781484362068.001

ISBN: 9781484362068

Keywords: market expectations, sovereign bond spreads, survey data, Consensus Economics.

This paper assesses how forecasting experts form their expectations about future government bond spreads. Using monthly survey forecasts for France, Italy and the United Kingdom between January 1993 and October 201...

Structural Reform in Germany

Structural Reform in Germany »

Volume/Issue: 2016/96

Series: IMF Working Papers

Author(s): Tom Krebs , and Martin Scheffel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 April 2016

DOI: http://dx.doi.org/10.5089/9781484339688.001

ISBN: 9781484339688

Keywords: Structural reform, macroeconomic model, Germany, labor tax, professional services, child care, schooling

This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a...

Structural Reform in Germany

Structural Reform in Germany »

Source: Structural Reform in Germany

Volume/Issue: 2016/96

Series: IMF Working Papers

Author(s): Tom Krebs , and Martin Scheffel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 April 2016

ISBN: 9781484339688

Keywords: Structural reform, macroeconomic model, Germany, labor tax, professional services, child care, schooling

This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a...

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies »

Volume/Issue: 2016/62

Series: IMF Working Papers

Author(s): Anna Bordon , Christian Ebeke , and Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2016

DOI: http://dx.doi.org/10.5089/9781513589923.001

ISBN: 9781513589923

Keywords: Structural reforms, employment, monetary policy, fiscal policy, product market, labor market, labor, employment rate, General, All Countries,

Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which th...

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies1

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies1 »

Source: When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

Volume/Issue: 2016/62

Series: IMF Working Papers

Author(s): Anna Bordon , Christian Ebeke , and Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2016

ISBN: 9781513589923

Keywords: Structural reforms, employment, monetary policy, fiscal policy, product market, labor market, labor, employment rate, General, All Countries,

Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which th...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

Volume/Issue: 2016/49

Series: IMF Working Papers

Author(s): Lone Engbo Christiansen , Huidan Lin , Joana Pereira , Petia Topalova , and Rima Turk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2016

DOI: http://dx.doi.org/10.5089/9781513551364.001

ISBN: 9781513551364

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

Source: Individual Choice or Policies? Drivers of Female Employment in Europe

Volume/Issue: 2016/49

Series: IMF Working Papers

Author(s): Lone Engbo Christiansen , Huidan Lin , Joana Pereira , Petia Topalova , and Rima Turk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2016

ISBN: 9781513551364

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...

The Welfare Multiplier of Public Infrastructure Investment

The Welfare Multiplier of Public Infrastructure Investment »

Volume/Issue: 2016/40

Series: IMF Working Papers

Author(s): Giovanni Ganelli , and Juha Tervala

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2016

DOI: http://dx.doi.org/10.5089/9781475516678.001

ISBN: 9781475516678

Keywords: Public Infrastructure, investment, consumption, multipliers, elasticity, Open Economy Macroeconomics, Publicly Provided Private Goods, Infrastructures, All Countries,

We analyze the welfare multipliers of public spending (the consumption equivalent change in welfare for one dollar change in public spending) in a DSGE model. The welfare multipliers of public infrastructure invest...

The Welfare Multiplier of Public Infrastructure Investment

The Welfare Multiplier of Public Infrastructure Investment »

Source: The Welfare Multiplier of Public Infrastructure Investment

Volume/Issue: 2016/40

Series: IMF Working Papers

Author(s): Giovanni Ganelli , and Juha Tervala

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2016

ISBN: 9781475516678

Keywords: Public Infrastructure, investment, consumption, multipliers, elasticity, Open Economy Macroeconomics, Publicly Provided Private Goods, Infrastructures, All Countries,

We analyze the welfare multipliers of public spending (the consumption equivalent change in welfare for one dollar change in public spending) in a DSGE model. The welfare multipliers of public infrastructure invest...

What’s In a Name? That Which We Call Capital Controls

What’s In a Name? That Which We Call Capital Controls »

Volume/Issue: 2016/25

Series: IMF Working Papers

Author(s): Atish Ghosh , and Mahvash Qureshi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

DOI: http://dx.doi.org/10.5089/9781498332835.001

ISBN: 9781498332835

Keywords: gold standard, interwar period, Bretton Woods, financial crisis, markets, market, emerging markets, All Countries,, Capital controls, Capital flows

This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been used and perceived, since the late nineteenth century. While ad...

What's In a Name? That Which We Call Capital Controls

What's In a Name? That Which We Call Capital Controls »

Source: What’s In a Name? That Which We Call Capital Controls

Volume/Issue: 2016/25

Series: IMF Working Papers

Author(s): Atish Ghosh , and Mahvash Qureshi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

ISBN: 9781498332835

Keywords: gold standard, interwar period, Bretton Woods, financial crisis, markets, market, emerging markets, All Countries,, Capital controls, Capital flows

This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been used and perceived, since the late nineteenth century. While ad...

Introducing a General Anti-Avoidance Rule (GAAR)

Introducing a General Anti-Avoidance Rule (GAAR) »

Source: Introducing a General Anti-Avoidance Rule (GAAR) : Ensuring That a GAAR Achieves Its Purpose

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2016

ISBN: 9781513515823

Keywords: Tax evasion, Tax regimes, Tax systems, tax, tax benefit, tax law, transaction, tax avoidance

Tax avoidance continues to attract attention globally with strong support for tax law reform at all levels. This Tax Law IMF Technical Note focuses on some of the key design and drafting considerations of one speci...

Introducing a General Anti-Avoidance Rule (GAAR)
			: Ensuring That a GAAR Achieves Its Purpose

Introducing a General Anti-Avoidance Rule (GAAR) : Ensuring That a GAAR Achieves Its Purpose »

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2016

DOI: http://dx.doi.org/10.5089/9781513515823.008

ISBN: 9781513515823

Keywords: Tax evasion, Tax regimes, Tax systems, tax, tax benefit, tax law, transaction, tax avoidance

Tax avoidance continues to attract attention globally with strong support for tax law reform at all levels. This Tax Law IMF Technical Note focuses on some of the key design and drafting considerations of one speci...

The Financial Wealth of Corporations

The Financial Wealth of Corporations »

Source: The Financial Wealth of Corporations

Volume/Issue: 2016/11

Series: IMF Working Papers

Author(s): Yuko Hashimoto , and Noriaki Kinoshita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2016

ISBN: 9781484395073

Keywords: Nonfinancial corporation, financial balance sheet, net financial wealth, balance sheet, equity, debt, balance sheets, stock, General, Methodology for Collecting

This paper analyzes the nonfinancial corporation (NFC) sector’s financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP—a frequently use...

The Financial Wealth of Corporations

The Financial Wealth of Corporations »

Volume/Issue: 2016/11

Series: IMF Working Papers

Author(s): Yuko Hashimoto , and Noriaki Kinoshita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2016

DOI: http://dx.doi.org/10.5089/9781484395073.001

ISBN: 9781484395073

Keywords: Nonfinancial corporation, financial balance sheet, net financial wealth, balance sheet, equity, debt, balance sheets, stock, General, Methodology for Collecting

This paper analyzes the nonfinancial corporation (NFC) sector’s financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP—a frequently use...

The Labor Market Performance of Immigrants in Germany

The Labor Market Performance of Immigrants in Germany »

Volume/Issue: 2016/6

Series: IMF Working Papers

Author(s): Robert Beyer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2016

DOI: http://dx.doi.org/10.5089/9781498376112.001

ISBN: 9781498376112

Keywords: labor market, participation, immigrants, immigrant, immigration, International Migration, Economics of Minorities, Time Allocation and Labor Supply,, Europe, Unemployment

The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identic...

The Labor Market Performance of Immigrants in Germany

The Labor Market Performance of Immigrants in Germany »

Source: The Labor Market Performance of Immigrants in Germany

Volume/Issue: 2016/6

Series: IMF Working Papers

Author(s): Robert Beyer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2016

ISBN: 9781498376112

Keywords: labor market, participation, immigrants, immigrant, immigration, International Migration, Economics of Minorities, Time Allocation and Labor Supply,, Europe, Unemployment

The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identic...

The Refugee Surge in Europe
			: Economic Challenges

The Refugee Surge in Europe : Economic Challenges »

Volume/Issue: 2016/2

Series: Staff Discussion Notes

Author(s): Shekhar Aiyar , Bergljot Barkbu , Nicoletta Batini , Helge Berger , Enrica Detragiache , Allan Dizioli , Christian Ebeke , Huidan Lin , Linda Kaltani , Sebastian Sosa , Antonio Spilimbergo , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2016

DOI: http://dx.doi.org/10.5089/9781513552590.006

ISBN: 9781513552590

Keywords: Migrations, Euro Area, Migrant labor, Labor supply, Labor markets, Emigration and immigration, Demographic transition, Population growth, Migration, Refugees

Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic impact of this inflow, this paper draws from the experience of...

The Refugee Surge in Europe

The Refugee Surge in Europe »

Source: The Refugee Surge in Europe : Economic Challenges

Volume/Issue: 2016/2

Series: Staff Discussion Notes

Author(s): Shekhar Aiyar , Bergljot Barkbu , Nicoletta Batini , Helge Berger , Enrica Detragiache , Allan Dizioli , Christian Ebeke , Huidan Lin , Linda Kaltani , Sebastian Sosa , Antonio Spilimbergo , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2016

ISBN: 9781513552590

Keywords: Migrations, Euro Area, Migrant labor, Labor supply, Labor markets, Emigration and immigration, Demographic transition, Population growth, Migration, Refugees

Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic impact of this inflow, this paper draws from the experience of...

Recognizing the Bias
			: Financial Cycles and Fiscal Policy

Recognizing the Bias : Financial Cycles and Fiscal Policy »

Volume/Issue: 2015/246

Series: IMF Working Papers

Author(s): Nina Budina , Borja Gracia , Xingwei Hu , and Sergejs Saksonovs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

DOI: http://dx.doi.org/10.5089/9781513508863.001

ISBN: 9781513508863

Keywords: housing cycles, private debt, debt bias, debt, price, output, prices, International Lending and Debt Problems, All Countries, debt bias.,

This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias-the tendency of debt to increase over the cycle- that is significantly larger for...

Recognizing the Bias

Recognizing the Bias »

Source: Recognizing the Bias : Financial Cycles and Fiscal Policy

Volume/Issue: 2015/246

Series: IMF Working Papers

Author(s): Nina Budina , Borja Gracia , Xingwei Hu , and Sergejs Saksonovs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

ISBN: 9781513508863

Keywords: housing cycles, private debt, debt bias, debt, price, output, prices, International Lending and Debt Problems, All Countries, debt bias.,

This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias-the tendency of debt to increase over the cycle- that is significantly larger for...

Wage Moderation in Crises
			: Policy Considerations and Applications to the Euro Area

Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area »

Volume/Issue: 2015/22

Series: Staff Discussion Notes

Author(s): Jörg Decressin , Raphael Espinoza , Ioannis Halikias , Michael Kumhof , Daniel Leigh , Prakash Loungani , Paulo Medas , Susanna Mursula , Antonio Spilimbergo , and TengTeng Xu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2015

DOI: http://dx.doi.org/10.5089/9781513537009.006

ISBN: 9781513537009

Keywords: Wage bargaining, Euro Area, Wage adjustments, Negative spillovers, Monetary policy, Euro area, Crisis, Current account, Internal devaluation, Unemployment

The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy...

Wage Moderation in Crises

Wage Moderation in Crises »

Source: Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area

Volume/Issue: 2015/22

Series: Staff Discussion Notes

Author(s): Jörg Decressin , Raphael Espinoza , Ioannis Halikias , Michael Kumhof , Daniel Leigh , Prakash Loungani , Paulo Medas , Susanna Mursula , Antonio Spilimbergo , and TengTeng Xu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2015

ISBN: 9781513537009

Keywords: Wage bargaining, Euro Area, Wage adjustments, Negative spillovers, Monetary policy, Euro area, Crisis, Current account, Internal devaluation, Unemployment

The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy...

Estimating VAT Pass Through

Estimating VAT Pass Through »

Source: Estimating VAT Pass Through

Volume/Issue: 2015/214

Series: IMF Working Papers

Author(s): Dora Benedek , Ruud A. Mooij , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513586359

Keywords: Tax incidence, Price effect, Pass through, consumption, prices, goods, elasticity, value, Incidence, Business Taxes and Subsidies,

This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through i...

Estimating VAT Pass Through

Estimating VAT Pass Through »

Volume/Issue: 2015/214

Series: IMF Working Papers

Author(s): Dora Benedek , Ruud A. Mooij , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

DOI: http://dx.doi.org/10.5089/9781513586359.001

ISBN: 9781513586359

Keywords: Tax incidence, Price effect, Pass through, consumption, prices, goods, elasticity, value, Incidence, Business Taxes and Subsidies,

This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through i...