current account

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Blog Post

Abenomics, five years in

Five years have passed since Japan’s Prime Minister Shinzō Abe was elected in 2012 and started “Abenomics”, a macroeconomic package based upon the “three arrows” of monetary easing, fiscal stimulus and structural reforms. After five years, has Abenomics worked? We review recent opinions.

By: Silvia Merler Topic: Global Economics & Governance Date: January 8, 2018
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Blog Post

Global Imbalances

The recent IMF’s External Sector Report highlighted the persistence of imbalances and a switch of imbalances towards advanced economies. We review recent contributions on this topic.

By: Silvia Merler Topic: Global Economics & Governance Date: September 21, 2017
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Working Paper

The grand divergence: global and European current account surpluses

This Working Paper assesses various explanations for the EU’s increased current account surpluses.

By: Zsolt Darvas Topic: Global Economics & Governance Date: August 13, 2015
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Video

Video

Why should Germany reduce its current-account surplus?

Bruegel scholar Zsolt Darvas explains the pressure on Germany to lift internal demand on the day that the European Commission will present its report on EU imbalances. He explains how Germany’s current account surplus is the largest in the world. Reducing this imbalance by boosting domestic demand requires Berlin to take measures that will increase […]

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: November 13, 2013