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Income inequality and Germany's current account surplus
Grüning, Patrick; Theobald, Thomas; Treeck, Till van - 2015
Als Deutschland dem Eurosystem beitrat, zeigte die Leistungsbilanz ein Defizit. Seit über einer Dekade jedoch hat die … diskutierten Ursachen wurde die Verbesserung der deutschen Leistungsbilanz von starken Veränderungen in der personellen und noch … deutlicher in der funktionalen Einkommensverteilung begleitet. In diesem Papier argumentieren wir, dass Veränderungen der …
Persistent link: https://www.econbiz.de/10010481120
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Financialisation and the financial and economic crises : the case of Germany
Detzer, Daniel; Hein, Eckhard - 2014
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
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Macroeconomic effects of personal and functional income inequality : theory and empirical evidence for the US and Germany
Prante, Franz J. - 2017
This paper presents a simple illustrative post-Kaleckian model of distribution and growth that incorporates personal income inequality and interdependent social norms. The model shows in an easily accessible manner how personal and functional income inequality can potentially have contrary...
Persistent link: https://www.econbiz.de/10011606907
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The corporate saving glut and the current account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2021
We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly...
Persistent link: https://www.econbiz.de/10012607560
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The Corporate Saving Glut and the Current Account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2021
We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly...
Persistent link: https://www.econbiz.de/10013210659
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The corporate saving glut and the current account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019
We investigate for the case of Germany the positive correlation between the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand...
Persistent link: https://www.econbiz.de/10011999017
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The corporate saving glut and the current account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019
We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand and...
Persistent link: https://www.econbiz.de/10012265888
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The corporate saving glut and the current account in Germany
Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2018
We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand and...
Persistent link: https://www.econbiz.de/10011962358
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Retained earnings, foreign portfolio ownership, and the German current account : a firm-level approach
Goldbach, Stefan; Harms, Philipp; Jochem, Axel; Nitsch, … - 2024
In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...
Persistent link: https://www.econbiz.de/10014548481
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Retained earnings and foreign portfolio ownership : implications for the current account debate
Goldbach, Stefan; Harms, Philipp; Jochem, Axel; Nitsch, … - 2023
In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...
Persistent link: https://www.econbiz.de/10014286520