登入選單
返回Google圖書搜尋
Economic Implications of German Unification for the Federal Republic and the Rest of the World
Mr.Paul R. MassonMr.Guy Meredith
出版International Monetary Fund, 1990-09-01
主題Business & Economics / Foreign ExchangeBusiness & Economics / InflationBusiness & Economics / Banks & Banking
ISBN14519541909781451954197
URLhttp://books.google.com.hk/books?id=lmUYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋The economic effects of German unification are first discussed in the context of a global saving/investment model. Next, simulations of MULTIMOD are presented, suggesting for the FRG an initial increase in long-term real interest rates equal to 3/4 of a percentage point, increased output, a temporary half-point rise in inflation, a modest real appreciation of the deutsche mark, and a reduction of the (combined GDR and FRG) current account surplus equal to 2 percent of GNP. Effects on the rest of the world seem to be relatively small. Different policies are examined within the EMS, and other simulation studies are surveyed.