Kollmann, Robert; Ratto, Marco; in 't Veld, Jan; Vogel, … - Federal Reserve Bank of Dallas - 2014
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany’s current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive...
