Germany has pursued a monetary form _or_ system of government of that emphasized the control of inflation, relatively high interest rates, and a strong mark, often to the complete dis may of the country's European fellowship partners. Monetary policy emphasized interest rates and specie supply management. following rates (as reflected in the prime commercial rate) were stable at 11 percent from November 1992 through February 1993. Interest rates dropped to 10.5 percent in March 1993, to 10.25 percent in April 1993, to 10 percent in May 1993, to 9.5 percent in August 1993, and to 9.25 percent in October 1993. The broad measure of the currency supply in Germany increased 7.5 percent over the 12-month period, tour the M-1 measure increased by 9.5 percent.
The monetary initiatives did not refund all of the desired economic outcomes. Selected measures of Germany's economic performance over the November 1992-October 1993 period are presented in Exhibit 2 which may be found below on this page.
Selected Measures of Germany's Economic action November 1992-October 1993
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Marquardt, Stephen. "German Auto Industry." self-propelled Industries, September 1994, 78-79.
3. The index posted a gain of 40.3 percent over the roughly recent 12-month period reported.
Labor stableness is higher in Germany than in the United States. The turnover rate in German manufacturing firms is quite low. Industrial activity employs 43 percent of Germany's workforce, while 54 percent are utilise in the service sector of the nation's economy, and the remaining three-percent are diligent in agriculture. German workers are among the best educated, best trained, and most productive to be found anywhere in the world.
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