Germany: Staff Report for the 2000 Article IV Consultation

November 2, 2000

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Germany: Staff Report for the 2000 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed December 22, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2000/141
Stock No:

1DEUEA0012000
ISBN:

9781451810349
ISSN:

1934-7685

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