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In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded … savings to the host country. This paper suggests a framework to correct for this misleading attribution and applies this … concept to Germany. For the years 2012 to 2020, our corrections retrospectively reduce German savings and consequently the …
Persistent link: https://www.econbiz.de/10014548481
In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded … savings to the host country. This paper suggests a framework to correct for this misleading attribution and applies this … concept to Germany. For the years 2012 to 2020, our corrections retrospectively reduce German savings and consequently the …
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Global current account imbalances were a major subject of concern in the years before the recent financial crisis. It is shown that the expected (negative) equilibrium relationship between net foreign assets and the trade balance that had held in the previous twenty years appeared to break down...
Persistent link: https://www.econbiz.de/10010382090
According to Wynne Godley, the significance of the deficit in the United States' balance of payments has been underestimated in both public policy and academic discussions, despite the fact that American markets are increasingly dominated by foreign manufacturers. Godley analyzes the problem...
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