Beschreibung
Seminar paper from the year 2007 in the subject Economics - Monetary theory and policy, grade: 1,0, University of Auckland (Business School), course: Global Business Environment, language: English, abstract: This report analyses the impact of the real exchange rate two years beforehand and the GDP on Germanys trade surplus between the second quarter 1993 and the first quarter 2007. It is found that both factors had significant impact on Germanys trade surplus during the analysed period. Use of a piecewise linear regression technique, moreover, identifies changes in the development of Germanys trade surplus over time. A temporary downward shift in the consistent growth trend of Germanys trade surplus between the first quarter 1998 and the fourth quarter 2002 is seen to be due to changes in Germanys fiscal and monetary policy during the introduction phase of the Euro.
