Over the last twenty five years, current account imbalances have been both rising over the trend and have become more volatile over the cycle. In boom times, imbalances expanded while in times of a cyclical downturn they shrank. A rising trend has been mainly explained with two developments:...

Against the background of the continuously weaker economic growth in China in the past few years, the Chinese government is convinced that the Chinese economy needs to adapt itself to getting used to "the New Normal". Under "the New Normal" the Chinese economy will grow at lower rates of about...

[Woran Griechenland krankt] Griechenland leidet im Kern vor allem unter institutioneller Dysfunktionalität und einer schweren Deformation der Produktionsstrukturen. Diese sind massiv zugunsten eines überdimensionalen Konsumsektors verzerrt. Letzterer war nur solange lebensfähig, wie dem Land...

Over the last twenty five years, current account imbalances have been both rising over the trend and have become more volatile over the cycle. In boom times, imbalances expanded while in times of a cyclical downturn they shrank. A rising trend has been mainly explained with two developments:...

The author shows that the US as the world's largest investor abroad so far shuns the most dynamic host region East Asia including China and instead continues to focus on investment in Europe. In contrast, Germany follows a different path. Similar to trade, German companies have been very active...

The author sheds a light on the overall importance of Germany's recorded service trade, in particular by pointing to the differences of various regions in goods and service trade for Germany. He reveals that German service trade comprises about a fifth of its total trade with no substantial...

China makes extensive use of subsidies in order to take a leading role on the global markets in the green technology sectors of electric vehicles, wind turbines and railway rolling stock. According to DiPippo et al. (2022) and recent OECD studies, the industrial subsidies in China are at least...

China setzt in großem Umfang Subventionen ein, um auch bei den grünen Technologiebranchen Elektrofahrzeuge, Windturbinen und Schienenfahrzeuge eine Führungsrolle auf den Weltmärkten einzunehmen. Die Industriesubventionen in China sind nach DiPippo et al. (2022) und aktuellen OECD Studien um...