We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … its current account surplus, Germany’s surplus has continued to increase throughout and after the crisis. Second, for … turned from being undervalued to overvalued, Germany’s currency has erased its level of overvaluation and become undervalued …

prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …

treatments in Switzerland using identical survey techniques previously used in Germany and the United States. In Switzerland …