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Economic Structure, the Exchange Rate and Adjustment in the Federal Republic of Germany A General Equilibrium Approach

This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Balance Of Trade
Labour
Trade Balance
Unemployment
Aggregate Labor Productivity
Currency
Trade: General
Exports And Imports
International Economics
Aggregate Human Capital
Labor
Foreign Exchange
International Trade
Exports
Wages
Economic Theory
Empirical Studies Of Trade
Exchange Rates
Intergenerational Income Distribution
Imports
Income Economics
Employment
Germany
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation dominate the expansionary effects so that GDP and employment fall and the external surplus declines only little. In the alternative (and polar opposite) case of free movement of goods, services, and factors, the expansionary effects of the appreciation become more prominent as supply and demand respond much more readily to the relative price changes
Physical Description:34 pages
ISBN:9781451955651

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