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Despite performing very positively on some key macroeconomic indicators in recent years, the German economy is in grave disequilibrium if the high current account surplus is included in the analysis. The paper scrutinises the evolution of Germany's external surplus since the inception of the...
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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...
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In this paper we discuss the relationship between the current account rebalancing in the Eu-rozone, income distribution … wage policies could be able to contribute to a more balanced development of the Eurozone and to overcome the export …
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Staaten versinken im Schuldensumpf, Sparer werden mit Negativzinsen enteignet, Volksparteien verlieren dramatisch an Zustimmung. Die Symptome sprechen eine beunruhigende Sprache. Stehen wir vor einem sogenannten perfekten Sturm, bei dem verschiedene Komponenten ungünstig zusammentreffen und...
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