Coricelli, Fabrizio; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2012
Using empirical evidence from panel analysis of current account dynamics and of bilateral trade balances, the paper … argues that the large German current account surplus during the 2000s can be explained by an increasing gap between … structural policies consistent with an equilibrium reduction in the current account surplus, accompanied by higher and more …