Política econômica e o Bundesbank: o modelo sueco "versus" o modelo alemão
- Autores
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Hans-Michael Trautwein
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- Palavras-chave:
- Política econômica, Relações econômicas internacionais
- Resumo
- This paper confronts two post-war economic models, the Sweedish and the German, and explains why the German was better succeded than the Sweedish. The causes for the success and failure of the economic policies of these countries lie in the same factors, among which is the role of the German Bundesbank. The Sweedish Model priveledged full employment, while the German was focused on low inflation rates. The article shows that the German combination of strong export orientation with the anchor position of the Deutsche Mark hampered the "export of sustainable stability" to other small open economies, such as Sweeden. Therefore, the popular belief that Sweeden should copy the German Model lies in an incomprehension of how these Models worked. The article also points out that in principle the ongoing processes of integration inside Germany and in Europe can reduce the conflicts of monetary asymmetry in the European Exchange Rate Mechanism, that brought much trouble to the Swedish Model. To finance the transformation of East Germany and harmonizing the financial markets in Europe might undermine the dominant position of the D-Mark.
- Downloads
- Edição
- v. 17 n. 1 (1996)
- Seção
- Artigos
- Licença
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.