Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse
Germany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure as well as to the IMF and the new us-government. However, this phenomenon is interpreted quite disparately. The pa...
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| Format: | Article |
| Language: | deu |
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Mattimar OÜ and Berliner Wissenschafts-Verlag GmbH
2018-01-01
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| Series: | Eesti Majanduspoliitilised Väitlused |
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| Online Access: | http://ojs.utlib.ee/index.php/TPEP/article/view/13969 |
| _version_ | 1819237948765241344 |
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| author | Detlev Ehrig |
| author_facet | Detlev Ehrig |
| author_sort | Detlev Ehrig |
| collection | DOAJ |
| description | Germany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure as well as to the IMF and the new us-government. However, this phenomenon is interpreted quite disparately. The paper argues that periods of weak domestic demand and a saving surplus over investment has left lasting traces. How could Germany find out ways to increase domestic demand, especially its public and private investment, to reduce its surplus? Political actions should focus directly on the distortions and misallocations that potentially result from an imbalance. The article discusses Bernanke’s thesis of savings glut in mature economies. As a political consequence, this means turning away from the politics of European debt limits and installing a limit on balance on current account |
| first_indexed | 2024-12-23T13:28:27Z |
| format | Article |
| id | doaj.art-ea35ac9bda524245af7950c7f4903384 |
| institution | Directory Open Access Journal |
| issn | 1736-5597 |
| language | deu |
| last_indexed | 2024-12-23T13:28:27Z |
| publishDate | 2018-01-01 |
| publisher | Mattimar OÜ and Berliner Wissenschafts-Verlag GmbH |
| record_format | Article |
| series | Eesti Majanduspoliitilised Väitlused |
| spelling | doaj.art-ea35ac9bda524245af7950c7f49033842022-12-21T17:45:14ZdeuMattimar OÜ and Berliner Wissenschafts-Verlag GmbHEesti Majanduspoliitilised Väitlused1736-55972018-01-0125210.15157/tpep.v25i2.1396913969Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen LeistungsbilanzüberschüsseDetlev Ehrig0Universität BerlinGermany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure as well as to the IMF and the new us-government. However, this phenomenon is interpreted quite disparately. The paper argues that periods of weak domestic demand and a saving surplus over investment has left lasting traces. How could Germany find out ways to increase domestic demand, especially its public and private investment, to reduce its surplus? Political actions should focus directly on the distortions and misallocations that potentially result from an imbalance. The article discusses Bernanke’s thesis of savings glut in mature economies. As a political consequence, this means turning away from the politics of European debt limits and installing a limit on balance on current accounthttp://ojs.utlib.ee/index.php/TPEP/article/view/13969European UnionEuropean Debt LimitSavings GlutCurrent Account Surplus |
| spellingShingle | Detlev Ehrig Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse Eesti Majanduspoliitilised Väitlused European Union European Debt Limit Savings Glut Current Account Surplus |
| title | Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse |
| title_full | Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse |
| title_fullStr | Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse |
| title_full_unstemmed | Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse |
| title_short | Von Brüssel bis Berlin: Ein kritischer Blick auf die deutschen Leistungsbilanzüberschüsse |
| title_sort | von brussel bis berlin ein kritischer blick auf die deutschen leistungsbilanzuberschusse |
| topic | European Union European Debt Limit Savings Glut Current Account Surplus |
| url | http://ojs.utlib.ee/index.php/TPEP/article/view/13969 |
| work_keys_str_mv | AT detlevehrig vonbrusselbisberlineinkritischerblickaufdiedeutschenleistungsbilanzuberschusse |