Understanding the twin deficits: new approaches, new results
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Baxter, Marianne, 1995.
"International trade and business cycles,"
Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 35, pages 1801-1864,
Elsevier.
- Baxter, M., 1994. "International Trade and Business Cycles," RCER Working Papers 390, University of Rochester - Center for Economic Research (RCER).
- Marianne Baxter, 1995. "International Trade and Business Cycles," NBER Working Papers 5025, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Henryk Gurgul & Lukasz Lach, 2012.
"Two deficits and economic growth: case of CEE countries in transition,"
Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 12, pages 79-108.
- Gurgul, Henryk & Lach, Łukasz, 2012. "Two deficits and economic growth: Case of CEE countries in transition," MPRA Paper 52257, University Library of Munich, Germany.
- Medas, Paulo & Poghosyan, Tigran & Xu, Yizhi & Farah-Yacoub, Juan & Gerling, Kerstin, 2018.
"Fiscal crises,"
Journal of International Money and Finance, Elsevier, vol. 88(C), pages 191-207.
- Mrs. Kerstin Gerling & Mr. Paulo A Medas & Mr. Tigran Poghosyan & Juan Farah-Yacoub & Yizhi Xu, 2017. "Fiscal Crises," IMF Working Papers 2017/086, International Monetary Fund.
- Callum Jones & Mr. Pau Rabanal, 2021. "Credit Cycles, Fiscal Policy, and Global Imbalances," IMF Working Papers 2021/043, International Monetary Fund.
- Holmes, Mark J., 2011. "Threshold cointegration and the short-run dynamics of twin deficit behaviour," Research in Economics, Elsevier, vol. 65(3), pages 271-277, September.
- Engy Raouf, 2020. "A Non-Linear Autoreggresive Distributed Lag Analysis of the Triple Deficit Hypothesis in the Mena Region," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(8), pages 895-905, August.
- Yoichi Matsubayashi, 2010. "Budget Deficits and Current Account in Japan and the U.S.: An Empirical Evidence on the Twin Deficits Hypothesis," Discussion Papers 1010, Graduate School of Economics, Kobe University.
- Döhrn, Roland & Brüstle, Alena & Middendorf, Torge & Schmidt, Torsten, 2005. "Die wirtschaftliche Entwicklung im Ausland: Weltwirtschaft trotzt Energieverteuerung," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 56(1), pages 3-22.
- Muhammad Ali Nasir & Mary Leung, 2021. "US trade deficit, a reality check: New evidence incorporating asymmetric and non‐linear effects of exchange rate dynamics," The World Economy, Wiley Blackwell, vol. 44(3), pages 818-836, March.
- Mr. Christiane Nickel & Ms. Katja Funke, 2006. "Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study," IMF Working Papers 2006/147, International Monetary Fund.
- Nizar, Muhammad Afdi, 2013. "Pengaruh Defisit Anggaran Terhadap Defisit Transaksi Berjalan Di Indonesia [The Effect of Budget Deficit on Current Accounts Deficit in Indonesia]," MPRA Paper 65609, University Library of Munich, Germany.
- Tuck Cheong Tang & Evan Lau, 2009. "General Equilibrium Perception on Twin Deficits Hypothesis: An Empirical Evidence for the U.S," Monash Economics Working Papers 09-09, Monash University, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kevin X. D. Huang & Zheng Liu, 2004.
"Multiple stages of processing and the quantity anomaly in international business cycle models,"
Working Papers
04-8, Federal Reserve Bank of Philadelphia.
- Kevin X. D. Huang & Zheng Liu, 2004. "Multiple stages of processing and the quantity anomaly in international business cycle models," Research Working Paper RWP 04-05, Federal Reserve Bank of Kansas City.
- Perron, Pierre & Wada, Tatsuma, 2016.
"Measuring business cycles with structural breaks and outliers: Applications to international data,"
Research in Economics, Elsevier, vol. 70(2), pages 281-303.
- Tatsuma Wada & Pierre Perron, 2014. "Measuring Business Cycles with Structural Breaks and Outliers: Applications to International Data," Boston University - Department of Economics - Working Papers Series 2014-004, Boston University - Department of Economics.
- Pierre Perron & Tatsuma Wada, 2015. "Measuring Business Cycles with Structural Breaks and Outliers: Applications to International Data," Boston University - Department of Economics - Working Papers Series wp2015-016, Boston University - Department of Economics.
- Robert Kollmann, 2012.
"Limited asset market participation and the consumption‐real exchange rate anomaly,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 45(2), pages 566-584, May.
- Robert Kollmann, 2012. "Limited asset market participation and the consumption-real exchange rate anomaly," Canadian Journal of Economics, Canadian Economics Association, vol. 45(2), pages 566-584, May.
- Kollmann, Robert, 2009. "Limited Asset Market Participation and the Consumption-Real Exchange Rate Anomaly," CEPR Discussion Papers 7452, C.E.P.R. Discussion Papers.
- Robert Kollmann, 2010. "Limited asset market participation and the consumption-real exchange rate anomaly," Globalization Institute Working Papers 41, Federal Reserve Bank of Dallas.
- Boileau, Martin & Normandin, Michel, 2008.
"Closing international real business cycle models with restricted financial markets,"
Journal of International Money and Finance, Elsevier, vol. 27(5), pages 733-756, September.
- Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée.
- Martin Boileau & Michel Normandin, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 0506, CIRPEE.
- Rabanal, Pau & Rubio-Ramírez, Juan F., 2015.
"Can international macroeconomic models explain low-frequency movements of real exchange rates?,"
Journal of International Economics, Elsevier, vol. 96(1), pages 199-211.
- Mr. Pau Rabanal & Juan F. Rubio-Ramirez, 2012. "Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?," IMF Working Papers 2012/013, International Monetary Fund.
- Pau Rabanal & Juan F. Rubio-Ramirez, 2015. "Can international macroeconomic models explain low-frequency movements of real exchange rates?," Working Papers 1508, BBVA Bank, Economic Research Department.
- Pau Rabanal & Juan F. Rubio-Ramírez, 2015. "Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?," Working Papers 2015-04, FEDEA.
- Pau Rabanal, 2009.
"Inflation Differentials between Spain and the EMU: A DSGE Perspective,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1141-1166, September.
- Pau Rabanal, 2009. "Inflation Differentials between Spain and the EMU: A DSGE Perspective," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1141-1166, September.
- Devereux, Michael B. & Saito, Makoto, 1997. "Growth and risk-sharing with incomplete international assets markets," Journal of International Economics, Elsevier, vol. 42(3-4), pages 453-481, May.
- Marcet, Albert & Obiols-Homs, Francesc & Weil, Philippe, 2007.
"Incomplete markets, labor supply and capital accumulation,"
Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2621-2635, November.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2002. "Incomplete markets, labor supply and capital accumulation," Economics Working Papers 659, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2003.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2003. "Incomplete Markets, Labor Supply and Capital Accumulation," Working Papers hal-03596961, HAL.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2003. "Incomplete Markets, Labor Supply and Capital Accumulation," Working Papers 173, Barcelona School of Economics.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2007. "Incomplete Markets, Labor Supply and Capital Accumulation," SciencePo Working papers Main hal-03596962, HAL.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2003. "Incomplete Markets, Labor Supply and Capital Accumulation," SciencePo Working papers Main hal-03596961, HAL.
- Albert Marcet & Francesc Obiols-Homs & Philippe Weil, 2007. "Incomplete Markets, Labor Supply and Capital Accumulation," Post-Print hal-03596962, HAL.
- Tuvshintugs Batdelger & Magda Kandil, 2012. "Determinants of the current account balance in the United States," Applied Economics, Taylor & Francis Journals, vol. 44(5), pages 653-669, February.
- Kevin X. D. Huang & Zheng Liu, 1999.
"Chain of Production as a Monetary Propagation Mechanism,"
Cahiers de recherche CREFE / CREFE Working Papers
106, CREFE, Université du Québec à Montréal.
- Kevin X. D. Huang & Zheng Liu, 1999. "Chain of production as a monetary propagation mechanism," Discussion Paper / Institute for Empirical Macroeconomics 130, Federal Reserve Bank of Minneapolis.
- Joseph Joyce & Linda Kamas, 1997. "The relative importance of foreign and domestic shocks to output and prices in Mexico and Colombia," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(3), pages 458-478, September.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013.
"Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity,"
Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2013. "Financial regulation, financial globalization, and the synchronization of economic activity," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 68(3), pages 1179-1228.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José Luis Peydró, 2009. "Financial Regulation, Financial Globalization and the Synchronization of Economic Activity," NBER Working Papers 14887, National Bureau of Economic Research, Inc.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2010. "Financial regulation, financial globalization and the synchronization of economic activity," Working Paper Series 1221, European Central Bank.
- Thomas Harjes, 1997. "Real business cycles in an open economy: An application to Germany," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(4), pages 635-656, December.
- Cao, Dan & Evans, Martin & Lua, Wenlan, 2020. "Real Exchange Rate Dynamics Beyond Business Cycles," MPRA Paper 99054, University Library of Munich, Germany, revised 10 Mar 2020.
- Johri, Alok & Letendre, Marc-André & Luo, Daqing, 2011.
"Organizational capital and the international co-movement of investment,"
Journal of Macroeconomics, Elsevier, vol. 33(4), pages 511-523.
- Alok Johri & Marc-Andre Letendre & Daqing Luo, 2010. "Organizational Capital and the International Co-movement of Investment," Department of Economics Working Papers 2010-05, McMaster University.
- Alok Johri & Marc-Andre Letendre & Daqing Luo, 2011. "Organizational Capital and the International Co-movement of Investment," Department of Economics Working Papers 2011-03, McMaster University.
- Yuan, Shenguo & Wu, Zhouheng & Liu, Lanfeng, 2022. "The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
- Michael B. Devereux & James Yetman, 2010.
"Leverage Constraints and the International Transmission of Shocks,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 71-105, September.
- Michael B. Devereux & James Yetman, 2010. "Leverage Constraints and the International Transmission of Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 71-105, September.
- Michael B Devereux & James Yetman, 2009. "Leverage Constraints and the International Transmission of Shocks," RBA Research Discussion Papers rdp2009-08, Reserve Bank of Australia.
- Michael B. Devereux, 2010. "Leverage constraints and the international transmission of shocks," Globalization Institute Working Papers 45, Federal Reserve Bank of Dallas.
- Michael B. Devereux & James Yetman, 2010. "Leverage Constraints and the International Transmission of Shocks," Working Papers 132010, Hong Kong Institute for Monetary Research.
- Michael B. Devereux & James Yetman, 2010. "Leverage Constraints and the International Transmission of Shocks," NBER Working Papers 16226, National Bureau of Economic Research, Inc.
- James Yetman & Michael B. Devereux, 2010. "leverage constraints and the international transmission of shocks," 2010 Meeting Papers 1341, Society for Economic Dynamics.
- Jaime Alonso-Carrera & Maria Jesus Freire-Seren & Baltasar Manzano, 2008. "Macroeconomic Effects From The Regional Allocation Of Public Capital Formation," CAMA Working Papers 2008-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Henry Kim & Jinill Kim & Robert Kollmann, 2005. "Applying Perturbation Methods to Incomplete Market Models with Exogenous Borrowing Constraints," Discussion Papers Series, Department of Economics, Tufts University 0504, Department of Economics, Tufts University.
- Freund, Caroline, 2005. "Current account adjustment in industrial countries," Journal of International Money and Finance, Elsevier, vol. 24(8), pages 1278-1298, December.
More about this item
Keywords
Budget deficits; Fiscal policy;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:y:2005:i:jul22:n:2005-16. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.