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The current account is baaaack in the headlines! Official data by @BEA_News reports that the US has a roughly balanced current account with the EU, even a slight surplus of $14 bn. Does this mean we can be relaxed in the upcoming storms that may lead to a trade war? /LongThread
The BEA data existed for a long time.
( bea.gov/iTable/iTable.… )
But it was somehow under the radar of many economists, me included.
@GFelbermayr and @MartinBraml unearthed in Germany and wrote a report @CESifoGroup /2
econpol.eu/publications/p…
( bea.gov/iTable/iTable.… )
But it was somehow under the radar of many economists, me included.
@GFelbermayr and @MartinBraml unearthed in Germany and wrote a report @CESifoGroup /2
econpol.eu/publications/p…
This triggered a series of media reports in all major German newspapers. Among the first, if not the first, to mention it was a joint piece that I wrote with @GFelbermayr for @handelsblatt . /3 handelsblatt.com/meinung/gastbe…
