This book provides a comprehensive understanding of Germany's economic performance at the turn of the twenty-first century. The period under observation and analysis stretches from Germany's unification in 1990 over the death of the German Mark to first experiences with the Euro, with particular attention given to East Germany.

Autorentext
IRIS BEIFANG-FRISANCHO MARISCAL Senior Lecturer, University of West England, UK HORST FELDMANN Lecturer in Economics, Department of Economics and International Development, University of Bath, UK STEPHEN F. FROWEN Honorary Research Fellow, Department of Economics, University College London, UK LOTHAR FUNK Professor of International Economics, University of Applied Sciences, Germany WALTER W. HEERING Senior Lecturer in Financial Economics, Brighton Business School, University of Brighton, UK ECKHARD HEIN Senior Researcher for Macroeconomic Policies, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Germany PETER HOWELLS Reader in Economics, University of the West of England, UK MICHAEL KASER Emeritus Fellow of St. Antony's College, Oxford University, UK NORBERT KLOTEN Former President of the Land Central Bank, Baden-Württemberg, Germany WALTRAUD SCHELKLE Political Economist, European Institute of the London School of Economics and Political Science, UK ERIC OWEN SMITH Department of Economics, University of Loughborough, UK KHALED SOUFANI Associate Professor of Financial Economics, John Molson School of Business, Concordia University, Canada ACHIM TRUGER Senior Researcher for Public Finance and Taxation, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Germany NORBERT WALTER Chief Economist, Deutsche Bank Group, Germany

Inhalt
Introduction; J.Hölscher Keynote Address: The Post-Reunification Economy of Germany - Past, Present and Future; S.F.Frowen Aftermath of the Reunification of Germany: Remarks on the Keynote Address of Stephen F. Frowen; N.Kloten PART 1: MONETARY ISSUES Monetary Policy Transparency: A Comparison between Bundesbank/ECB and the Bank of England; I.Biefang-Frisancho Mariscal & P.Howells Bad for Euroland, Worse for Germany: The ECB's Record; J.Bibow Monetary Targeting by the German Bundesbank; W.W.Heering Comment; K.Soufani PART 2: MACROECONOMIC PERFORMANCE From Initiating to Breaching to Diluting the Stability and Growth Pact; H.Feldmann Wages, Macroeconomic Policies and Germany's Stagnation; E.Hein & A.Truger Comment; W.Schelkle PART 3: STRUCTURAL DEVELOPMENTS Collective Bargaining and Labour Markets; L.Funk Comment; E.Owen Smith PART 4: EAST GERMANY Firm-Specific Determinants of the Productivity Gaps between East and West; J.Stephan East Germany's Economic Transition in Comparative Perspective; M.Kaser PART 5: CONCLUSION Investment Location Germany; N.Walter