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La reunification allemande du point de vue de la politique economique

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Author Info
Pierre Villa
Agnes Benassy
Abstract

Pour accompagner la reunification, les autorites allemandes ont choisi une strategie "high tech, high wage" consistant a subventionner a l'Est le capital plutot que le travail et a engager d'importantes depenses d'infrastructures publiques. Les diverses aides a l'investissement ont permis de deconnecter le coût d'usage du capital a l'Est de la politique monetaire restrictive menee par la Bundesbank. Nous nous interrogeons ici sur la pertinence et sur l'impact de cette strategie a differentes echeances. Nous montrons en premiere partie qu'apres la reunification, les salaires ont fortement augmente en termes de prix des biens industriels, mais beaucoup moins en termes de pouvoir d'achat. Nous proposons en deuxieme partie un modele d'analyse de la politique economique allemande. Enfin, les politiques budgetaire et monetaire sont prises en compte de maniere endogene.

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Paper provided by CEPII research center in its series Working Papers with number 1994-09.

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Date of creation: Sep 1994
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Handle: RePEc:cii:cepidt:1994-09

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Related research
Keywords: politique economique;

Find related papers by JEL classification:
E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization

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  1. Neumann, Manfred J.M., 1991. "German Unification: Economic Problems and Consequences," CEPR Discussion Papers 584, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  2. Begg, David & Portes, Richard, 1992. "Eastern Germany Since Unification: Wage Subsidies Remain a Better Way," CEPR Discussion Papers 730, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. George A. Akerlof & Andrew K. Rose & Janet L. Yellen & Helga Hessenius, 1991. "East Germany in from the Cold: The Economic Aftermath of Currency Union," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1991-1), pages 1-106. [Downloadable!]
  4. Fernando Barran & Virginie Coudert & Benoit Mojon, 1994. "Transmission de la politique monetaire et credit bancaire, une application a 5 pays de l'OCDE," Working Papers 1994-03, CEPII research center. [Downloadable!]
  5. Hughes Hallett, A J & Ma, Yue, 1993. "East Germany, West Germany, and Their Mezzogiorno Problem: A Parable for European Economic Integration," Economic Journal, Royal Economic Society, vol. 103(417), pages 416-28, March. [Downloadable!] (restricted)
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