Income inequality and the German export surplus

Arbeitspapier

We investigate the contribution of the increase in German (DE) income inequality to the German export surplus increase and the decline of the natural rate of interest in the Euro Area in an open economy model with rich and non-rich households. Rich households have Capitalist Spirit type Preferences (CSP) over their wealth and thus save out of an increase in their permanent income. Simulating the increase in DE income inequality over the 1992-2016 period generates a decline of the EA natural rate of interest rate of about 1 p.p. and an increase of the DE net-export-to-GDP ratio of about 3 p.p..

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: NBB Working Paper ; No. 424

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Einkommensverteilung ; Export ; Handelsbilanz ; Zins ; Deutschland ; Eurozone

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Rannenberg, Ansgar ; Theobald, Thomas
• Ereignis: Veröffentlichung
• (wer): National Bank of Belgium
• (wo): Brussels
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/273128
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ