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Deflationsgefahr in Deutschland und die Geldpolitik der EZB


  • Georg Erber


Spätestens seit dem Frühjahr 2003 ist unter Fachökonomen eine Diskussion über weltweite Deflationsgefahren in Gang gekommen. Die jüngst veröffentlichte Studie einer Task-Force des IWF hat diese Sorgen insbesondere für Deutschland erneut auf die Agenda der wirtschaftspolitischen Diskussion gehoben. Dr. Georg Erber, Deutsches Institut für Wirtschaftsforschung, Berlin, schlägt in seinem Beitrag vor, was seiner Meinung nach vor allem seitens der Europäischen Zentralbank, aber auch der Bundesregierung zu tun wäre, um diesen Gefahren in Deutschland besser begegnen zu können.

Suggested Citation

  • Georg Erber, 2003. "Deflationsgefahr in Deutschland und die Geldpolitik der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(11), pages 3-9, June.
  • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:11:p:3-9

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    References listed on IDEAS

    1. Kenneth Rogoff, 1996. "The Purchasing Power Parity Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 647-668, June.
    2. Maurice Obstfeld, 2001. "International Macroeconomics: Beyond the Mundell-Fleming Model," NBER Working Papers 8369, National Bureau of Economic Research, Inc.
    3. Kahn, Shulamit, 1997. "Evidence of Nominal Wage Stickiness from Microdata," American Economic Review, American Economic Association, vol. 87(5), pages 993-1008, December.
    4. George A. Akerlof & William R. Dickens & George L. Perry, 1996. "The Macroeconomics of Low Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1), pages 1-76.
    5. Hans-Werner Sinn & Michael Reutter, 2000. "Die Mindestinflationsrate für die Euro-Länder," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 53(35-36), pages 23-26, January.
    6. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584-584.
    7. Michael Reutter & Hans-Werner Sinn, 2000. "The Minimum Inflation Rate for Euroland," CESifo Working Paper Series 377, CESifo Group Munich.
    8. Adam S. Posen, 2003. "Is Germany Turning Japanese?," Working Paper Series WP03-2, Peterson Institute for International Economics.
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    More about this item


    Deflation; Zentralbank; Geldpolitik; Deutschland;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies


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