The German Current Account Balance and Capital Market Imbalances in the Eurozone Against the Background of the German Private Sector’s Investment and Saving Behaviour: Causes and Implications for Economic Policy

Tasks

• Analysis of the impact and causes of Germany’s current account surplus 
• Deduction of economic policy implications against the background of a falling wage ratio, lasting weakness in investments and a higher tendency to save in the private sector

Methods

• Identification of exogenous economic drivers and transmission mechanisms using dynamic stochastic general equilibrium models (DSGE): stimuli response experiments as well as variance decompositions
• Micro- and macroeconometric estimations

Data and other sources

• Nationale Statistiken
• Eurostat, OECD sowie IWF