What drives the German current account? And how does it affect other EU Member States?

Kollmann, Robert; Ratto, Marco; Roeger, Werner; in ’t Veld, Jan; Vogel, Lukas

doi:10.1093/epolic/eiu004

Public

What drives the German current account? And how does it affect other EU Member States?

Published in Economic Policy • Dec 2, 2014

Authors:

Robert Kollmann

Marco Ratto

Werner Roeger

Abstract

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 analyse the determinants of Germany’s current account (CA) surplus after the launch of the euro. Our results suggest that the German surplus reflects a succession of...

Subject

German

Economics

German government

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