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- W1533024806 abstract "We analyse global and euro area imbalances by focusing on China and Germany as large surplus and creditor countries. In the 2000s, domestic reforms in both countries expanded the effective labour force, restrained wages, shifted income towards profits and increased corporate saving. As a result, both economies' current account surpluses widened before the global financial crisis, and that of Germany has proven more persistent as domestic investment has remained subdued." @default.
- W1533024806 created "2016-06-24" @default.
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- W1533024806 date "2013-09-01" @default.
- W1533024806 modified "2023-09-23" @default.
- W1533024806 title "Global and Euro Imbalances: China and Germany" @default.
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