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The stalling engine in Wirtschaftswunder-Land: Germany's economic policy challenges

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  • Siebert, Horst

Abstract

An Englishman once watched his first American football game. He looked intently as the team gathered into a huddle after each play. His American host asked him what he thought of the proceedings. “Not a bad sport,” remarked the visitor, “but they do seem to engage in an excessive number of committee meetings.” Maybe what is true for American football is much more typical for the German economy nowadays, where trade unions and employers’ associations determine the wage rate and where round tables are used to find solutions to economic policy challenges. On the more serious side, I want to talk about some of the economic policy challenges that Germany faces. Being an optimist by nature, I would paint a rosy picture, especially when abroad. As an academic, however, I have to paint a realistic picture.

Suggested Citation

  • Siebert, Horst, 2002. "The stalling engine in Wirtschaftswunder-Land: Germany's economic policy challenges," Kiel Discussion Papers 386, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkdp:386
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    References listed on IDEAS

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    1. Gern, Klaus-Jürgen & Kamps, Christophe & Scheide, Joachim, 2002. "Euroland: recovery is under way," Kiel Discussion Papers 385, Kiel Institute for the World Economy (IfW Kiel).
    2. Diehl, Markus & Nunnenkamp, Peter, 2001. "Lehren aus der Asienkrise: wirtschaftspolitische Reaktionen und fortbestehende Reformdefizite," Kiel Discussion Papers 373, Kiel Institute for the World Economy (IfW Kiel).
    3. Kamps, Christophe & Scheide, Joachim, 2001. "End of the upswing in Euroland: No reason to cut interest rates," Kiel Discussion Papers 374, Kiel Institute for the World Economy (IfW Kiel).
    4. Stehn, Jürgen, 2002. "Leviathan in cyberspace: how to tax e-commerce," Kiel Discussion Papers 384, Kiel Institute for the World Economy (IfW Kiel).
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