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The Pros And Cons Of Germany Macroeconomics

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Macroeconomics in Germany
Germany, one of Europe’s largest countries, is a country consisting of many landscapes. The landscapes in Germany consist of vast plains, steep mountains, and thickly forested hills. Germany is famed for its technological advancements and its high level of industrialization. The economic status of Germany has been in excellent standing since World War II due to the country’s dominant export industries, fiscal discipline and consensus-driven industrial relations and welfare policies (Germany Country Profile, 2012).
Germany has a mixed economy, meaning that they use a combination of different types of economies to benefit their own. The mixed economy of Germany comes with both the pros and the cons of each economy. …show more content…

The Eurosystem consists of the European Central Bank (ECB), and the central banks of the states which have espoused the euro. It is the Eurosystem’s responsibility to conduct and monitor the monetary policy of the entire area (What is the Eurosystem?, 2018). The Bundesbank is the central bank of the Federal Republic of Germany over the financial and monetary system, analysis systemic risks and has a role in European and global committees to identify threats and avert financial crisis, (Financial and monetary system,2018). The Deutsche Bundesbank was officially established in 1957 to prevent recurring inflations in the economy. The central bank uses price-level targeting as a strategy in terms of monetary policy. It is believed by the central bank that this theory has an advantage over other theories because the monetary policy is directed towards price level. This means that inconvenient movements could possibly trigger inflation rate expectations that regulate monetary policy (Financial and monetary system,2018). Maintaining the stability of prices, along with other tactics like making the monetary policy more transparent, continue to sustain low inflation rates on a global scale while developing macroeconomic stability. Germany, debt-wise, is recorded as equivalent to sixty-eight percent of the country’s GDP in 2016. The debt of Germany is recorded at an all …show more content…

“5 Traits of a Command Economy.” The Balance, 9 Oct. 2017, www.thebalance.com/command-economy-characteristics-pros-cons-and-examples-3305585.
“Contact CIA.” Central Intelligence Agency, Central Intelligence Agency, www.cia.gov/library/publications/the-world-factbook/fields/2012.html.
Economics, Trading. “Germany GDP 1970-2018 | Data | Chart | Calendar | Forecast | News.” Germany GDP | 1970-2018 | Data | Chart | Calendar | Forecast | News, tradingeconomics.com/germany/gdp.
“Financial and monetary system.” Deutsche Bundesbank - Financial and monetary system, Deutsche Bundesbank, www.bundesbank.de/Navigation/EN/Tasks/Financial_and_monetary_system/financial_and_monetary_system.html.
“GDP (Current US$).” GDP (Current US$) | Data, 2018, data.worldbank.org/indicator/NY.GDP.MKTP.CD?cid=GPD_29. “Germany country profile.” BBC News, BBC, 19 Mar. 2012, news.bbc.co.uk/2/hi/europe/country_profiles/1047864.stm.
“Germany.” OEC - Germany (DEU) Exports, Imports, and Trade Partners, 2018 The Observatory of Economic Complexity, atlas.media.mit.edu/en/profile/country/deu/.
“Social Security in Germany.” Social Security in Germany | InterNations, InterNations, 2016,

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