Germany: Staff Report for the 2000 Article IV Consultation

November 2, 2000

Preview Citation

Format: Chicago

Germany: Staff Report for the 2000 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed November 21, 2024

Summary

Fiscal policy has a strong foundation in the multiyear program of spending cuts, tax reforms, and deficit reduction in Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering fiscal policy procyclical. The recent business and personal income tax reforms, pension reform, and product market reforms is commendable. But the potential benefits of these diverse reforms require a more proactive approach to labor market reform. The longer-term efficiency and functioning of the financial sector pose challenging issues.

Subject: Expenditure, Income tax systems, Labor, Labor costs, Labor markets, Pension spending, Taxes, Wages

Keywords: Cost, Cost trend, CR, Europe, Global, Growth, Growth projection, Headline CPI inflation, Income tax systems, Inflation outlook, Interest saving, ISCR, Labor costs, Labor markets, Pension spending, Proceeds, Wages

Publication Details

Pages:

45
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2000/141
Stock No:

1DEUEA0012000
ISBN:

9781451810349
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports