Report on the Federal Republic of Germany
On the evidence of the statistics, inflation problems in the Federal Republic of Germany might appear to be less severe than in the countries we are hearing about at this conference. But in Germany too there is pronounced ‘new inflation’, in the sense that the term is defined in the questionnaire circulated by the organisers; there too the rates of price increases are much higher than in earlier years, there too the uptrend of prices has constantly accelerated during the last few years, there too the inflation is caused more by ‘exogenous’ factors than it was.
KeywordsInterest Rate Monetary Policy Industrial Country Federal Republic Credit Policy
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