{"id":84789,"date":"2024-01-22T08:58:40","date_gmt":"2024-01-22T07:58:40","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84789\/"},"modified":"2024-11-06T23:47:43","modified_gmt":"2024-11-06T22:47:43","slug":"waehrungsunion-foerdert-wachstum-in-der-eu-mittelfristige-prognose-der-weltwirtschaft-bis-2001","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84789\/","title":{"rendered":"Monetary Union Promotes Growth in the EU. Medium-term Forecast for the World Economy until 2001"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84789","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Since the beginning of the 1990s, the USA has \u2013 for the first time since the end of World War II \u2013 held the \"leadership\" in the growth dynamic of the \"Triad\": between 1991 and 1996, the USA's GDP grew at a yearly rate of 2.9 percent \u2013 almost twice as quickly as Europe's (+1.6 percent). Economic growth over this period was weakest in the country which had shown the greatest economic vitality over the long-term: total output in Japan grew at a rate of only 1.2 percent p.a. between 1991 and 1996.","onlinedate":"1997-10-01 02:00:00","lang":"German","publication_series":"","publication_date":"19971001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":275954,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"70","monthly_report_pages":"593-604","monthly_report_pages_sort":"593","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3491],"collaboration":"","persons":[3841],"persons_data":"[{\"personId\":3841,\"personName\":\"Stephan Schulmeister\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Schulmeister, S.<\\\/span> (1997). <span>W\u00e4hrungsunion f\u00f6rdert Wachstum in der EU. Mittelfristige Prognose der Weltwirtschaft bis 2001<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>70<\\\/em>(10), 593-604. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/437\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/437<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schulmeister S<\\\/span>. <span class=\\\"title\\\"><span>W\u00e4hrungsunion f\u00f6rdert Wachstum in der EU. Mittelfristige Prognose der Weltwirtschaft bis 2001<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1997 Oct;70(10):593-604.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{8b3f886f7601448c8133c77202ddfb1f,<\\\/div><div>  title    = \\\"W{\\\\\\\"a}hrungsunion f{\\\\\\\"o}rdert Wachstum in der EU. Mittelfristige Prognose der Weltwirtschaft bis 2001\\\",<\\\/div><div>  abstract = \\\"Niedrige Realzinsen, ein unterbewerteter Dollarkurs und eine die Nachfrageeffekte ber{\\\\\\\"u}cksichtigende Fiskalpolitik erm{\\\\\\\"o}glichten den USA seit Anfang der neunziger Jahre ein so hohes Wirtschaftswachstum, da{\\\\ss} sowohl die Arbeitslosenquote als auch das Budgetdefizit deutlich sanken. In Europa lie{\\\\ss}en hingegen die Hochzinspolitik der Deutschen Bundesbank 1990\\\/1992, der nachfolgende Zusammenbruch des Systems fester Wechselkurse und eine gleichschrittige Sparpolitik der EU-L{\\\\\\\"a}nder das mittelfristige Wachstum auf das niedrigste Niveau der Nachkriegszeit sinken. Die Verwirklichung der {\\\"}gro{\\\\ss}en{\\\"} W{\\\\\\\"a}hrungsunion ab 1. J{\\\\\\\"a}nner 1999 und damit die {\\\\\\\"U}berwindung der Wechselkursschwankungen innerhalb der EU wird wesentlich zur Erh{\\\\\\\"o}hung des Wachstums in Westeuropa von 1\u00bd\\\\% (1991\\\/1996) auf 2\u00bd\\\\% (1996\\\/2001) beitragen. Auch in den USA und in Japan d{\\\\\\\"u}rfte das BIP bis 2001 mit dieser Rate expandieren.\\\",<\\\/div><div>  keywords = \\\"W{\\\\\\\"a}hrungsunion f{\\\\\\\"o}rdert Wachstum in der EU. Mittelfristprognose der Weltwirtschaft bis 2001; Monetary Union Promotes Growth in the EU. Medium-term Forecast for the World Economy until 2001\\\",<\\\/div><div>  author   = \\\"Stephan Schulmeister\\\",<\\\/div><div>  year     = \\\"1997\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"70\\\",<\\\/div><div>  pages    = \\\"593--604\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - W\u00e4hrungsunion f\u00f6rdert Wachstum in der EU. Mittelfristige Prognose der Weltwirtschaft bis 2001<\\\/p><p>AU  - Schulmeister, Stephan<\\\/p><p>PY  - 1997\\\/10<\\\/p><p>Y1  - 1997\\\/10<\\\/p><p>N2  - Niedrige Realzinsen, ein unterbewerteter Dollarkurs und eine die Nachfrageeffekte ber\u00fccksichtigende Fiskalpolitik erm\u00f6glichten den USA seit Anfang der neunziger Jahre ein so hohes Wirtschaftswachstum, da\u00df sowohl die Arbeitslosenquote als auch das Budgetdefizit deutlich sanken. In Europa lie\u00dfen hingegen die Hochzinspolitik der Deutschen Bundesbank 1990\\\/1992, der nachfolgende Zusammenbruch des Systems fester Wechselkurse und eine gleichschrittige Sparpolitik der EU-L\u00e4nder das mittelfristige Wachstum auf das niedrigste Niveau der Nachkriegszeit sinken. Die Verwirklichung der \\\"gro\u00dfen\\\" W\u00e4hrungsunion ab 1. J\u00e4nner 1999 und damit die \u00dcberwindung der Wechselkursschwankungen innerhalb der EU wird wesentlich zur Erh\u00f6hung des Wachstums in Westeuropa von 1\u00bd% (1991\\\/1996) auf 2\u00bd% (1996\\\/2001) beitragen. Auch in den USA und in Japan d\u00fcrfte das BIP bis 2001 mit dieser Rate expandieren.<\\\/p><p>AB  - Niedrige Realzinsen, ein unterbewerteter Dollarkurs und eine die Nachfrageeffekte ber\u00fccksichtigende Fiskalpolitik erm\u00f6glichten den USA seit Anfang der neunziger Jahre ein so hohes Wirtschaftswachstum, da\u00df sowohl die Arbeitslosenquote als auch das Budgetdefizit deutlich sanken. In Europa lie\u00dfen hingegen die Hochzinspolitik der Deutschen Bundesbank 1990\\\/1992, der nachfolgende Zusammenbruch des Systems fester Wechselkurse und eine gleichschrittige Sparpolitik der EU-L\u00e4nder das mittelfristige Wachstum auf das niedrigste Niveau der Nachkriegszeit sinken. Die Verwirklichung der \\\"gro\u00dfen\\\" W\u00e4hrungsunion ab 1. J\u00e4nner 1999 und damit die \u00dcberwindung der Wechselkursschwankungen innerhalb der EU wird wesentlich zur Erh\u00f6hung des Wachstums in Westeuropa von 1\u00bd% (1991\\\/1996) auf 2\u00bd% (1996\\\/2001) beitragen. Auch in den USA und in Japan d\u00fcrfte das BIP bis 2001 mit dieser Rate expandieren.<\\\/p><p>KW  - W\u00e4hrungsunion f\u00f6rdert Wachstum in der EU. Mittelfristprognose der Weltwirtschaft bis 2001; Monetary Union Promotes Growth in the EU. Medium-term Forecast for the World Economy until 2001<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 70<\\\/p><p>SP  - 593<\\\/p><p>EP  - 604<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monetary Union Promotes Growth in the EU. 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