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"Twin Deficits and Sustainability" [PDF]

, 2006
In the mid to late 1980s, the U.S. economy simultaneously producedÑfor the first time in the postwar periodÑhuge federal budget deficits as well as large current account deficits, together known as the Òtwin deficitsÓ (Blecker 1992; Rock1991). This generated much debate and hand-wringing, most of which focused on supposed Òcrowding-outÓ effects (Wray ...
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The twin deficit hypothesis in Greece

2020
We examine the relationship between the current account deficit and the general government deficit in Greece.Furthermore, we check the validity of the twin deficit hypothesis using annual time series data for the 1970-2019 periods.In this work we accept the twin deficit hypothesis which means that there is a positive relationship between the current ...
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Macroeconomic Policy and the Twin Deficits

1990
Many people think that the pressing economic problems facing the United States can be cured by eliminating its twin deficits - the budget deficit and the trade deficit - via a more stringent fiscal policy. In my view, however, these twin deficits are not the problem.
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Rethinking the Twin Deficits [PDF]

, 2014
This article reexamines the thesis that fiscal deficits cause trade deficits and challenges this explanation of the twin deficits with the following propositions. Differences in competitiveness among nations do not lead to balanced trade. Using a Eurozone case study, the article discusses the nexus between competitiveness and the trade balance ...
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Facing up to the Twin Deficits

Challenge, 1984
A 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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A reassessment of the twin deficits relationship

Applied Economics Letters, 2009
This article provides new evidence on the relationship between the United States budget and current account deficits. Using a testing procedure advocated by Bierens, both deficits are found to be stationary around a nonlinear deterministic trend and are co-trended insofar as they share a common nonlinear deterministic trend.
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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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TWIN DEFICITS AND TURKEY ECONOMICS

2021
Çalışmanın 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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Twin deficits

2023
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The twin deficit and the Turkish case

2020
113
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