Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020
Does an improvement in growth prospects lead to a fall in the trade balance? The answer in the literature with a strong … negative trade balance effects in the G7 countries. We develop a novel news shocks identification scheme, apply it to country … deterioration of the trade balance, in other G7 countries, news shocks have positive trade balance effects. The differences in the …