دسته بندی:

حسابداری و حسابرسی - accounting and auditing

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سال انتشار:

2021

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عنوان انگلیسی مقاله:

The corporate saving glut and the current account in Germany

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ترجمه فارسی عنوان مقاله:

GLUT صرفه جویی در شرکت و حساب جاری در آلمان

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منبع:

ScienceDirect- Elsevier- Journal of International Money and Finance, 102515: Corrected proof, 102515: doi:10:1016/j:jimonfin:2021:102515

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نویسنده:

Thorsten Klug

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چکیده انگلیسی:

We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly labor supply, world demand and financial friction shocks account for the joint dynamics of excess corporate saving and the current account surplus. Household saving shocks, by contrast, cannot explain the correlation. We conclude that, explained through these factors, the corporate saving glut is an important driver of the cyclical component of the current account.
keywords: حساب جاری | صرفه جویی در شرکت | شوک های ماکرو | Current account | Corporate saving | Macro shocks

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قیمت: رایگان

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توضیحات اضافی:

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