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Germany: Staff Report for the 1999 Article IV Consultation

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  • International Monetary Fund

Abstract

This 1999 Article IV Consultation highlights that the monetary conditions in Germany have eased significantly since late 1998, reflecting both policy actions and exchange rate developments. Short-term interest rates were reduced by the Bundesbank to 3 percent in December 1998 and, in the new context of European Monetary Union, by the European Central Bank to 2½ percent in April 1999. The depreciation of the euro against other currencies since its inception in January 1999 has also been supportive of activity.

Suggested Citation

  • International Monetary Fund, 1999. "Germany: Staff Report for the 1999 Article IV Consultation," IMF Staff Country Reports 1999/129, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1999/129
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3282
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    Cited by:

    1. Ilzetzki, Ethan, 2018. "Tax reform and the political economy of the tax base," Journal of Public Economics, Elsevier, vol. 164(C), pages 197-210.

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