Trade Surplus in Germany

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Focusing on the analysis of Germany's trade surplus, this report examines the influence of the real exchange rate and GDP from 1993 to 2007. It reveals that both factors significantly affected the trade surplus during this period. Utilizing piecewise linear regression, the study identifies shifts in the trade surplus's growth trend, particularly noting a temporary decline between 1998 and 2002, attributed to fiscal and monetary policy changes coinciding with the Euro's introduction.