Labour market reform in Germany needs to be followed up in order to raise the economy's capacity to generate employment, as discussed in this working paper.
This working paper sugggest that much scope remains to make regulation of product markets more conducive to competition - notwithstanding progress in recent years - with substantial benefits for consumer welfare, productivity and employment.
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This note, taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2006, contains information about the progress in implementing reforms in line with the 2005 priorities for Germany. In addition to passing of legislation or other decisions to implement reforms, the note records earlier stages of reform, such as government announcements and draft legislation presented to parliaments.
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This note, taken from Chapter 3 of Economic Policy Reforms, focuses on key structural policy priorities for Germany, supported by a comparative analysis of the indicators in Chapter 2. The note also presents individual structural indicators of economic and labour market performance as well as comparative indicators for the key policy priorities listed.
Key indicators show Germany belonging to the countries in the OECD with strong innovation activity even though some weakening in Germany’s position relative to other OECD countries has occurred recently, as discussed in this working paper.
This working paper suggests that while the German federal fiscal system has been successful in promoting a high standard of living even in regions whose economic capacity is low, tensions have emerged.
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Some recent research suggests that the "risk premium" may be important in the determination of exchange rates. OECD Economic Studies No. 9.