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Fiscal and Current Account Imbalances : The Cases of Germany and Portugal
Afonso, António; Coelho, José - 2021
We investigate the bilateral relationship between government budget balances and current account balances for Portugal and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in Germany. On the other hand, the response of the budget...
Persistent link: https://www.econbiz.de/10013312370
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Structural Change and the Current Account: The Case of Germany
Coricelli, Fabrizio; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2012
productivity growth in manufacturing vis-à-vis services. Such a gap is due not only to improvements in the manufacturing sector but … also to a significant slowdown of productivity growth in services. Therefore, despite the success in export markets, the … German surplus may signal long-run weaknesses associated with constraints on service sector productivity growth and the …
Persistent link: https://www.econbiz.de/10011276815
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Fiscal and current account imbalances : the cases of Germany and Portugal
Afonso, António; Coelho, José Carlos - 2021
We investigate the bilateral relationship between government budget balances and current account balances for Portugal and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in Germany. On the other hand, the response of the budget...
Persistent link: https://www.econbiz.de/10014293956
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The Public-Private Savings Mirror and Causality Relations Among Private Savings, Investment and (Twin) Deficits : A Full Modelling Approach
Peeters, Marga - 2011
Relations between national public and private savings, domestic investment, and the current account are analyzed with the Global Econometric Model (National Institute, London). Simulation results obtained with this full modeling approach for the US, Japan, Germany and the UK are compared with...
Persistent link: https://www.econbiz.de/10013124305
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Exchange Rate Misalignments and Crises
Stein, Jerome L.; Paladino, Giovanna - 2021
productivity of the economy. Trends in social consumption/GDP, and in fiscal policy, reflected political regime changes in France …
Persistent link: https://www.econbiz.de/10013320946
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Germany versus the United States: Monetary Dominance in the Eurozone
Quah, Chee-Heong - In: Economies 4 (2016) 2, pp. 1-16
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011708719
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Germany versus the United States : monetary Dominance in the Eurozone
Quah, Chee Heong - In: Economies : open access journal 4 (2016) 2, pp. 1-16
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
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Has Eurozone Converged toward Germany or United States? A View from Optimum Currency Areas Framework
Quah, Chee-Heong - 2011
This study inspects if there is greater convergence with Germany amongst the eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after euroization. The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To some...
Persistent link: https://www.econbiz.de/10014184629
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The Euro area imbalances narrative in a Franco-German perspective : the importance of the longer-run view
Belke, Ansgar; Gros, Daniel - 2020
There is a symmetrical debate in two Euro area core countries: in France about the restrictive fiscal policy of Germany, leading to a huge external surplus, in Germany about the insufficient compliance with fiscal rules and the lack of structural reforms in France. What are the real causes of...
Persistent link: https://www.econbiz.de/10012197774
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Income inequality and Germany's current account surplus
Grüning, Patrick; Theobald, Thomas; Treeck, Till van - 2015
Germany entered the euro with a current account deficit but over theentire past decade has run large and persistent current account surpluses. Besides joining the common currency, the increase of Germany's current account since the late 1990s has been accompanied by strong shifts in thepersonal...
Persistent link: https://www.econbiz.de/10010481120