Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020 - This version: February 7, 2020
effects in the G7 countries. We develop a novel news shocks identification scheme, apply it to country-level vector … trade balance, the negative trade balance effect in Germany is only temporary. By contrast, in other G7 countries, news … and labor input are important drivers of these results for the U.S., and less so in other G7 countries. Therefore, policy …