Arbeitspapier
The corporate saving glut and the current account in Germany
We investigate for the case of Germany the positive correlation between the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand and financial friction shocks account for the joint dynamics of excess corporate saving and the current account surplus. Household saving shocks, in contrast, cannot explain the correlation. We conclude that the corporate saving glut, explained through these factors, is the main driver of the current account surplus.
- Sprache
-
Englisch
- Erschienen in
-
Series: W.E.P. - Würzburg Economic Papers ; No. 100
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Current Account Adjustment; Short-term Capital Movements
Macroeconomic Issues of Monetary Unions
- Thema
-
current account
corporate saving
macro shocks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Klug, Thorsten
Mayer, Eric
Schuler, Tobias
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Würzburg, Department of Economics
- (wo)
-
Würzburg
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Klug, Thorsten
- Mayer, Eric
- Schuler, Tobias
- University of Würzburg, Department of Economics
Entstanden
- 2019
Ähnliche Objekte (12)
The Corporate Saving Glut and the Current Account in Germany
The corporate saving glut and the current account in Germany
The Corporate Saving Glut and the Current Account in Germany
Tariffs, Saving and the Current Account
The anatomy of the global saving glut
The Anatomy of the Global Saving Glut
The competitive saving motive in China: Implications for savings, the current account, and housing prices
Saving, investment and the current account: A review of recent evidence
Saving, Investment, and Current Account Surplus in Developing Asia
The effects of the saving and banking glut on the U.S. economy
The Saving Glut of the Rich and the Rise in Household Debt
The effects of the saving and banking glut on the US economy
The Corporate Saving Glut and the Current Account in Germany
The corporate saving glut and the current account in Germany
The Corporate Saving Glut and the Current Account in Germany
Tariffs, Saving and the Current Account
The anatomy of the global saving glut
The Anatomy of the Global Saving Glut
The competitive saving motive in China: Implications for savings, the current account, and housing prices
Saving, investment and the current account: A review of recent evidence
Saving, Investment, and Current Account Surplus in Developing Asia
The effects of the saving and banking glut on the U.S. economy
The Saving Glut of the Rich and the Rise in Household Debt
The effects of the saving and banking glut on the US economy
The Corporate Saving Glut and the Current Account in Germany
The corporate saving glut and the current account in Germany
The Corporate Saving Glut and the Current Account in Germany
Tariffs, Saving and the Current Account
The anatomy of the global saving glut
The Anatomy of the Global Saving Glut
The competitive saving motive in China: Implications for savings, the current account, and housing prices
Saving, investment and the current account: A review of recent evidence
Saving, Investment, and Current Account Surplus in Developing Asia
The effects of the saving and banking glut on the U.S. economy
The Saving Glut of the Rich and the Rise in Household Debt