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Facing up to the Twin Deficits
Challenge, 1984A year ago, in appearing before the House Banking Committee to discuss the Federal Reserve's monetary policy for the year ahead, I emphasized that, after too many years of pain and instability, we had an enormous opportunity to sustain growth for years to come in an environment of much greater price stability.
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TWIN DEFICITS AND TURKEY ECONOMICS
2021Çalışmanın amacı; literatürde de önemli tartışmalara neden olan cari işlemlerdeki açıklar ile bütçe açıkları arasındaki ilişkiyi, 1985-2017 yılları arasındaki veriler kullanılarak, Ricardocu Denklik Hipotezi ve Geleneksel Yaklaşım açısından incelenmiştir.
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Effects of monetary policy on the twin deficits
The Quarterly Review of Economics and Finance, 2007Abstract This study uses a three-equation dynamic linear system to show the positive relationship between federal budget deficits and the 5-year Treasury bond rate and between the twin deficits in the U.S. during 1975:01 through 2004:12. An optimal efficient rule equation suggests that a one percentage point increase in bond rate explains a 22 ...
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Finite horizons and the twin deficits [PDF]
, 1994 This paper uses Blanchard's (1985) model to study the relationship between budget deficits and trade deficits. The model is applied to annual post-war data from the U.S., Japan, and Germany. I find that in all three countries there is a significant link between trade deficits and budget deficits, holding constant expected changes in GNP and government ...
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