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Adjustment of the US Current Account Deficit [PDF]
We present a two country DGE model and estimate it using Bayesian techniques and euro area and US quarterly data for 1977 2004. In analysing the current accounts we find that a lower US rate of time preference or a higher dollar risk premium could render the deficit sustainable, but that these could push the interest rate to the zero bound.
Kortelainen, Mika
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Will Japan’s Current Account Turn to Deficit? [PDF]
Abstract Japan’s current account has been in surplus for many years. From a Japanese perspective, the surplus has provided market outlets for Japanese manufactures and high tech products and has been the basis for capital flows into foreign investment.
F. Gerard Adams, Byron Gangnes
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Explaining India’s current account deficit: a time series perspective [PDF]
Purpose – The purpose of this paper is to examine the issue of high current account deficit (CAD) from various perspectives focussing its behaviour, financing pattern and sustainability for India.
Harendra Kumar Behera +1 more
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Twin Deficit Hypothesis and Reverse Causality: An Empirical Study on Turkish Economy
The twin deficit hypothesis is a hypothesis suggesting that the current deficit and the budget deficit move together. According to this hypothesis, the existence of a relationship between twovariables is handled in different ways.
Meltem Duğru
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A sustainability analysis of Serbia’s current account deficit [PDF]
The global economic crisis have important implications for international capital movements, which further sharpens the question of the sustainability of permanent current account deficits in Southeast Europe.
Boljanović Srđan
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Contradicting the twin deficits hypothesis: The role of tax revenues composition [PDF]
The general theory of twin deficits hypothesis does not consider specific characteristics of domestic tax systems, i.e. whether the revenue side of the budget is dominated by indirect or by direct taxes.
Obadić Alka +2 more
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Fiscal Deficits and Current Account Deficits
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Michael Kumhof, Douglas Laxton
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Financing the current account deficit in Southeastern European countries [PDF]
The inflows of foreign capital to the Southeastern Europe (SEE) countries before the outbreak of the global financial crisis in 2008 supported the growth of domestic demand, which was partially satisfied by imports.
Kovačević Radovan
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The aim of this research is to investigate the causality of deficit budget with the current account deficit (twin deficits) in Indonesia and to detect the decision indicators of twin deficit as an early warning system model of twin deficits’ occurrence ...
Prawudya Dery Kuncahyo
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Implications of the U.S. Current Account Deficit [PDF]
In 1988, the United States recorded a current account deficit of about $135 billion. The consensus forecast seems to be for little change in the current account in the near term. In this paper, the implications of the U.S. current account deficit and of the consequent buildup in U.S. external debt are examined.
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