Fratzscher, Marcel, (2017), “Germany’s Misunderstood Trade Surplus”, Project Syndicate, 7 March
Now that Germany’s current-account surplus has reached a record €270 billion ($285 billion), or close to 8.7% of GDP, the ongoing debate about its economic model has intensified. Eurozone politicians and Donald Trump’s administration in the United States are each blaming the other for the economic imbalance; and all are blaming the euro.
Relevant Posts
- Merler, Sylvia, (2017), “Is Germany a currency manipulator?”, Bruegel, 6 February
- den Haan, Wouter, Ellison, Martin, Ilzetzki, Ethan, McMahon, Michael, Reis, Ricardo, (2016), “The danger of Germany’s current account surpluses: Results of the CFM and CEPR Survey”, VoxEu, 27 October