Dynamic Growth Differences in the USA, Germany and other Eurozone Countries
Ever since the early 1990s, the USA has been growing at a markedly higher rate than the Eurozone, with Germany finding itself at the tail end of growth. Three factors contributed to this development: first, the different impact of stock price dynamics on investment and consumption in the USA and the Eurozone; second, differences in monetary and fiscal policy as pursued by the USA and EU; third, the fluctuations of the dollar/euro (ECU) exchange rate and its impact on exports.
Empfohlene Zitation
Schulmeister, S. (2004). Zur unterschiedlichen Wachstumsdynamik in den USA, in Deutschland und im übrigen Euro-Raum. WIFO-Monatsberichte, 77(2), 119-137. https://www.wifo.ac.at/publication/pid/4050866.