In 2016, Germany ran a current-account surplus of roughly $ 297 billion, or 8.6% of GDP
Changing the exchange rate would not diminish the incentive for Germans to save.
In the current European environment of near-zero interest rates, there’s little risk that additional public investment will crowd out private investment.
Barry Eichengreen, Project Syndicate 14 May 2017
In the current European environment of near-zero interest rates, there’s little risk that additional public investment will crowd out private investment.
Barry Eichengreen, Project Syndicate 14 May 2017
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