01747cas a2200241 a 4500 AALejournalIMF010013 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451955651 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Economic Structure, the Exchange Rate and Adjustment in the Federal Republic of Germany : A General Equilibrium Approach. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation dominate the expansionary effects so that GDP and employment fall and the external surplus declines only little. In the alternative (and polar opposite) case of free movement of goods, services, and factors, the expansionary effects of the appreciation become more prominent as supply and demand respond much more readily to the relative price changes. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/079/001.1988.issue-079-en.xml IMF e-Library