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Das Produktionspotential in Ostdeutschland

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  • Westermann, Thomas

Abstract

Potential output is an elusive concept. This stands in sharp contrast to its prominent role in economic analysis. In particular, monetary targetting as practised by the Deutsche Bundesbank relies on an estimate of future potential output growth. Different approaches usually lead to fairly similar results in the case of deep-rooted and evenly developing market economies such as West Germany. In this paper we have a stab at estimating potential output for East Germany since unification in mid-1990, using some variants of these techniques. As will be shown, the results can so far not be reconciled with stylized outcomes such as a low variance of growth rates and output gaps that by and large average out over the sampie period ...

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  • Westermann, Thomas, 1995. "Das Produktionspotential in Ostdeutschland," Discussion Paper Series 1: Economic Studies 1995,04, Deutsche Bundesbank.
    • Handle: RePEc:zbw:bubdp1:199504
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    Cited by:

    1. Rüffer, Rasmus, 1999. "Implicit government guarantees and bank herding behavior," Discussion Paper Series 1: Economic Studies 1999,06, Deutsche Bundesbank.
    2. Boll, Stephan, 1996. "Intergenerative Verteilungseffekte öffentlicher Haushalte: Theoretische Konzepte und empirischer Befund für die Bundesrepublik Deutschland," Discussion Paper Series 1: Economic Studies 1996,06, Deutsche Bundesbank.
    3. Boll, Stephan, 1996. "Intergenerational redistribution through the public sector: Methodology of generational accounting and its empirical application to Germany," Discussion Paper Series 1: Economic Studies 1996,06e, Deutsche Bundesbank.
    4. Kabelac, Gabriele, 1999. "Cyber money as a medium of exchange," Discussion Paper Series 1: Economic Studies 1999,05e, Deutsche Bundesbank.
    5. Strauch, Rolf, 1999. "Monitoring fiscal adjustments in the European Union and EMU," Discussion Paper Series 1: Economic Studies 1999,04, Deutsche Bundesbank.
    6. Boss, Alfred & Gerling, Katja & Gottschalk, Jan & Kamps, Christophe & Meier, Carsten-Patrick & Scheide, Joachim & Schmidt, Rainer & Strauß, Hubert, 1999. "Deutsche Konjunktur zieht wieder an," Open Access Publications from Kiel Institute for the World Economy 2318, Kiel Institute for the World Economy (IfW Kiel).

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