Trade Surplus in Germany: Impact of the Real Exchange Rate and the GDP between 1993 and 2007

Trade Surplus in Germany: Impact of the Real Exchange Rate and the GDP between 1993 and 2007

by Jens Hillebrand
Trade Surplus in Germany: Impact of the Real Exchange Rate and the GDP between 1993 and 2007

Trade Surplus in Germany: Impact of the Real Exchange Rate and the GDP between 1993 and 2007

by Jens Hillebrand

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Overview

This report analyses the impact of the real exchange rate two years beforehand and the GDP on Germany's trade surplus between the second quarter 1993 and the first quarter 2007. It is found that both factors had significant impact on Germany's trade surplus during the analysed period. Use of a piecewise linear regression technique, moreover, identifies changes in the development of Germany's trade surplus over time. A temporary downward shift in the consistent growth trend of Germany's trade surplus between the first quarter 1998 and the fourth quarter 2002 is seen to be due to changes in Germany's fiscal and monetary policy during the introduction phase of the Euro.

Product Details

ISBN-13: 9783638047296
Publisher: GRIN Verlag GmbH
Publication date: 01/01/2008
Sold by: CIANDO
Format: eBook
Pages: 15
File size: 705 KB
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