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Current account imbalances: Possibilities for Trade Policy Action under the Auspices of the WTO – a German Perspective

Author

Listed:
  • Alm, Bastian
  • Weins, Sebastian

Abstract

Since 2011, Germany has consistently been the country posting the largest current account surpluses in the world. In recent years, this has led to a number of calls from economists and policy-makers in and outside Germany, and from international institutions and organisations, asking the Federal Government to take action to reduce the surplus. These calls have tended to focus on recommendations for action to strengthen private and public-sector investment and real wage growth in Germany. As current account imbalances have long become a global phenomenon, we would like to open a discussion on how this issue could be dealt with under multilateral trade policy.

Suggested Citation

  • Alm, Bastian & Weins, Sebastian, 2018. "Current account imbalances: Possibilities for Trade Policy Action under the Auspices of the WTO – a German Perspective," EconStor Preprints 173387, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:173387
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    File URL: https://www.econstor.eu/bitstream/10419/173387/1/180129-German-CAS_Multilateral-Approach.pdf
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    References listed on IDEAS

    as
    1. Bastian Alm & Martin Meurers, 2015. "Wesentliche Fakten zur „Investitionsschwäche“ in Deutschland," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(1), pages 24-31, January.
    2. Marchetti, Juan & Ruta, Michele & Teh, Robert, 2012. "Trade imbalances and multilateral trade cooperation," WTO Staff Working Papers ERSD-2012-23, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Keeney, Mary J., 2017. "The Policy Framework of the International Monetary Fund (IMF): An Overview of Recent Developments," Quarterly Bulletin Articles, Central Bank of Ireland, pages 92-102, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Current account balance; German current account surplus; Trade policy; WTO;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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