Germany in crisis: the unification challenge, macroeconomic policy shocks and traditions, and EMU

References

• Akerlof , G , Rose , A , Yellen , J and Hessenius , H . (1991) . East Germany in from the cold: the economic aftermath of currency union . Brookings Papers on Economic Activity , 1 : pp. 1–87
   Google Scholar
• Bibow J (1998) Geldpolitik als Inflationsursache? in: A. Vilks & B. P. Priddat (Eds) Wirtschaftswissenschaft und Wirtschaftswirklichkeit pp. 15–78 Marburg Metropolis
   Google Scholar
• Bibow , J . (2001) . Making EMU work: some lessons from the 1990s . International Review of Applied Economics , 15 (3) : pp. 233–259
   Google Scholar
• Bibow , J . (2002a) . The markets versus the ECB, and the euro's plunge . Eastern Economic Journal , 28 (1) : pp. 45–57
   Google Scholar
• Bibow , J . (2002b) . The monetary policies of the European Central Bank and the euro's (mal‐) performance: a stability‐oriented assessment . International Review of Applied Economics , 16 (1) : pp. 31–50
   Google Scholar
• Bibow J (2003a) Is Europe doomed to stagnation? An analysis of the current crisis and recommendations for reforming macroeconomic policymaking in Euroland, Levy Economics Institute, Working Paper No. 379
   Google Scholar
• Bibow , J . (2003b) . On the ‘burden’ of German unification . Banca Nazionale del Lavoro Quarterly Review , 61 (225) : pp. 137–169
   Google Scholar
• Bibow J (2004a) Fiscal consolidation: contrasting strategies and lessons from international experiences Levy Economics Institute, Working Paper No. 400
   Google Scholar
• Bibow J (2004b) Assessing the performance of the ECB since the global slowdown Levy Economics Institute, Working paper No. 409
   Google Scholar
• Blinder AS Yellen JL (2001) The Fabulous Decade: Macroeconomic Lessons from the 1990s New York The Century Foundation Press
   Google Scholar
• Burda , M and Busch , U . (2001) . West–Ost‐Transfers im Gefolge der deutschen Vereinigung . Konjunkturpolitik , 47 : pp. 1–38
   Google Scholar
• Deutsche Bundesbank (1991) Annual report 1990 Frankfurt A.M
   Google Scholar
• Deutsche Bundesbank (1996) The debate on public transfers in the wake of German reunification Monthly Report October pp. 17–31
   Google Scholar
• Deutsche Bundesbank (1997) Trends in public sector debt since German unification Monthly Report March pp. 17–31
   Google Scholar
• Deutscher Bundestag (1998) Antwort der Parlamentarischen Staatssekretärin Irmgard Karwatzki vom 14 Oktober 1998, Deutscher Bundestag, Bundestagsdrucksache 12/11472
   Google Scholar
• Deutscher Bundestag (2000) Jahresbericht 2000 zum Stand der Deutschen Einheit 26 September
   Google Scholar
• Domar , E . (1944) . The ‘burden of the debt’ and the national income . American Economic Review , 34 (4) : pp.798–827
   Google Scholar
• The Economist (1999) The sick man of the Euro 5 June
   Google Scholar
• European Central Bank [ECB] (2003a) Direct impact of changes in administered prices and indirect taxes on euro area HICP developments Monthly Bulletin March pp. 35–36
   Google Scholar
• European Central Bank [ECB] (2003b) Eurosystem staff macroeconomic projections for the euro area Monthly Bulletin December pp. 56–61
   Google Scholar
• European Central Bank [ECB] (2004) The impact of developments in indirect taxes and administered prices on inflation Monthly Bulletin January pp. 27–28
   Google Scholar
• Flassbeck H (1992) Verfehlte Geldpolitik DIW Wochenbericht No. 31–32 pp. 385–389
   Google Scholar
• Flassbeck H Pohl R (1992) Zur Geldpolitk im Jahre 1993 DIW Wochenbericht no. 50
   Google Scholar
• FT.com (2003) Cigarettes and alcohol drive up eurozone inflation 17 December
   Google Scholar
• Godley W Izurieta A (2003) Coasting on the lending bubble: both in the U.K. and in the U.S. Paper presented at the Annual Meeting of the Society of Business Economists London 25 June 2003. Available at http://www.cerf.cam.ac.uk/publications/files/WA_LendingBb_Jun03.pdf
   Google Scholar
• Grossekettler , HG . (1996) . Die ersten fünf Jahre. Ein Rückblick auf die gesamtdeutsche Finanzpolitik der Jahre 1990 bis 1995 . Finanzarchiv , 53 : pp. 194–303
   Google Scholar
• Heilemann , U . (1991) . The economics of German unification—a first appraisal . Konjunkturpolitik , 37 : pp.127–155
   Google Scholar
• Heilemann U Jochimsen R (1993) Christmas in July? The political economy of German unification reconsidered Brookings Occasional Papers Washington D.C
   Google Scholar
• Heilemann U Reinicke W (1995) Welcome to hard times: the fiscal consequences of German unity Occasional Papers Washington D.C. Brookings Institution and American Institute for Contemporary German Studies at The Johns Hopkins University
   Google Scholar
• Heilemann U Rappen W (1997) The seven year itch? German unity from a fiscal viewpoint Research Report no.6, Economic Studies Program Washington D.C. American Institute for Contemporary German Studies at The Johns Hopkins University
   Google Scholar
• Hesse H Naujokat A (1998) Zur Rolle der Geldpolitik in einem Bündnis für Arbeit, Speech of 6 November 1998 reprinted, in Deutsche Bundesbank, Auszüge aus Presseartikeln No. 70 (27 November 1998)
   Google Scholar
• Horn G Scheremet W (1999) Erfolgreiche Konsolidierung des amerikanischen Staatshaushalts—ein Beispiel für Europa? DIW Wochenbericht No. 12
   Google Scholar
• IMF (2003) Deflation: determinants, risks, and policy options Washington D.C
   Google Scholar
• Keynes JM (1972 [1940]) How to pay for the war, reprinted in Essays in Persuasion, The Collected Writings of John Maynard Keynes 9 London Macmillan
   Google Scholar
• Kloten N (1995) The German currency union: challenges for both parts of Germany in: S. Frowen & J. Hoelscher (Eds) The German Currency Union of 1990: A Critical Assessment Pp. 1177–199 New York St Martins Press
   Google Scholar
• Kregel J (1991) Alternative economic analyses of German monetary and economic unification: monetarist and Post Keynesian in: P. Davidson & J. Kregel (Eds) Economic Problems of the 1990s pp. 122–133 Cheltenham Edward Elgar
   Google Scholar
• Mankiw D (2001) U.S. monetary policy during the 1990s NBER, Working Paper No. 8471
   Google Scholar
• Neumann MJM Wesche K (1994) Schafft die aktuelle Geldpolitik eine inflationäre Preislücke? Wirtschaftsdienst July pp. 373–376
   Google Scholar
• Owen Smith E (1994) The German Economy London Routledge
   Google Scholar
• OECD (2002) Economic Survey of Germany Paris OECD
   Google Scholar
• Pasinetti L (1997) The social ‘burden’ of high interest rate in: P. Arestis, G. Palma & M. Sawyer (Eds) Capital Controversy, Post‐Keynesian Economics and the History of Economic Thought 1 pp. 160–168 London Routledge
   Google Scholar
• Pasinetti , L . (1998) . The myth (or folly) of the 3% deficit/GDP Maastricht ‘parameter’ . Cambridge Journal of Economics , 22 : pp. 103–116
   Web of Science ®Google Scholar
• Roloff O (2002) Fiscal policy in Germany from 1970 to 2001 The unfulfilled promises of dogmatism Konjunkturpolitik 48 (2) pp. 147–168
   Google Scholar
• Sachverständigenrat [SVR] Jahresgutachten zur gesamtwirtschaftlichen Entwicklung [Annual Reports]. Various issues Stuttgart Metzler‐Poeschel
   Google Scholar
• Schettkat , R . (2003) . Are institutional rigidities at the root of Éuropean unemployment? . Cambridge Journal of Economics , 27 (6) : pp. 771–787
   Web of Science ®Google Scholar
• Schlesinger H Weber M Ziebarth G (1993) Staatsverschuldung—ohne Ende? Darmstadt Wissenschaftliche Buchgesellschaft
   Google Scholar
• Sinn G Sinn H‐W (1992) Jump Start: The Economic Unification of Germany Cambridge MA MIT Press
   Google Scholar
• Tullio G Steinherr A Buscher H (1996) German wage and price inflation before and after unification in: P. De Grauwe, Micossi, S. & Tullio, G. (Eds) Inflation and Wage Behaviour in Europe pp. 3–29 Oxford Clarendon Press
   Google Scholar
• Vesper D (1995) Finanzpolitisches Handeln und Vereinigungsprozeß—ein Rückblick auf fünf Jahre Deutsche Einheit Vierteljahresheft zur Wirtschaftsforschung 64 pp. 367–384 Berlin Deutsches Institut für Wirtschaftsforschung
   Google Scholar
• Volz J (2003) Großbritannien: Erfolgreiche antizyklische Wirtschaftspolitik DIW‐Wochenbericht No. 13–14/03
   Google Scholar
• Von Hagen , J . (1992) . German unification: economic problems and consequences: a comment . Carnegie‐Rochester Conference Series on Public Policy , 36 : pp. 211–222
   Google Scholar
• Von Hagen J (1994) Monetary union and monetary policy: a review of the German monetary union in: P. Siklos (Ed.) Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union pp. 219–243 Dordrecht Kluwer Academic Publishers
   Google Scholar
• Weeber , J . (1994) . Ein Index staatlich administrierter Verbraucherpreise . Wirtschaftsdienst , 11 : pp. 592–596
   Google Scholar
• Weeber , J . (1998) . Der staatliche Einfluss auf die Verbraucherpreise . WISU , 10 : pp. 1066–1074
   Google Scholar