Simonazzi, Annamaria; Ginzburg, Andrea; Nocella, Gianluigi - In: Cambridge Journal of Economics 37 (2013) 3, pp. 653-675
Two interpretations have been advanced to account for persistent German current account surpluses that translate into equally persistent deficits of countries in the European periphery. According to the first, the German surplus is the expression of a 'virtuous' savings behaviour, to be extended...