German current account surplus by, on average, €11.5bn annually. This amounts to lowering Germany's average official current … account surplus (€226.6bn) across these years by approximately five percent. …

This paper documents that cross-border investment income flows are important for explaining current account balances in … differ from other current account components, including the trade balance. Both components essentially exhibit a zero … persistent than other current account components, suggesting that more time is needed for current account imbalances to adjust …

significantly to the increase of the US current account deficit and its duration. Technology shocks have been neglected as a reason … for longer lasting current account deficits since for these shocks, standard open economy DSGE models can only generate …