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On Global Current Account Balances in 2019

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  • Christian Grimme

Abstract

Germany’s large current account surpluses in recent years clearly exceed the targets set in the European Union’s Macroeconomic Imbalance Procedure. This article provides a brief overview of the development of current account balances in Germany and the rest of the world over the past year. It shows that the effects on current account balances of the trade conflict between the US and China have so far been rather minor.

Suggested Citation

  • Christian Grimme, 2020. "On Global Current Account Balances in 2019," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(02), pages 49-53, February.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:02:p:49-53
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    References listed on IDEAS

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    1. Martin T. Braml & Gabriel J. Felbermayr, 2022. "The EU self-surplus puzzle: an indication of VAT fraud?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(5), pages 1075-1097, October.
    2. Simone Cigna & Philipp Meinen & Patrick Schulte & Nils Steinhoff, 2022. "The impact of US tariffs against China on US imports: Evidence for trade diversion?," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 162-173, January.
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    4. Timo Wollmershäuser & Marcell Göttert & Christian Grimme & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Wolfgang Nierhaus & Ann-Christin Rathje & Magnus Reif & Radek Šauer &, 2018. "ifo Economic Forecast Winter 2018: Germany’s Economy Cools Down," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(24), pages 28-82, December.
    5. Martin T Braml & Gabriel J Felbermayr, 2019. "What Do We Really Know about the Transatlantic Current Account?," CESifo Economic Studies, CESifo Group, vol. 65(3), pages 255-274.
    6. Christina Graf & Christian Grimme, 2017. "The Influence of Investment Income over the German Current Account Balance," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(22), pages 38-44, November.
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    Cited by:

    1. Christian Grimme, 2021. "Auswirkungen der Corona-Pandemie auf die globalen Leistungsbilanzsalden," ifo Schnelldienst Digital, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2(2), January.

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