Authors:

  • Kenneth Rogoff

Excerpt

A Surplus of Controversy. Kenneth Rogoff, April 8, 2014, Opinion. "When the US Treasury recently added its voice to the chorus of critics of Germany’s chronic current-account surplus, it underscored the deep disagreement over what, if anything, should be done about it. The critics want Germany to increase its contribution to global demand by importing more and exporting less. The Germans view the maintenance of strong balance sheets as essential to their country’s stabilizing role in Europe..." Link verified June 19, 2014