IDEAS home Printed from https://ideas.repec.org/a/lrc/lareco/v2y2014i4p28-33.html
   My bibliography  Save this article

Will the Unemployment Rate Fall with a Robust Forecast for the U.S. Current Account Balance?

Author

Listed:
  • Mehdi Hojjat

    (Professor, Neumann University, Aston, PA, USA)

Abstract

This paper investigates the relationship between the U.S. current account balance and the U.S. rate of unemployment. Would the improvement in the current account balance cause a fall in the unemployment rate? Although previous researchers argued that U.S. current account balance does not influence U.S. unemployment rate, this article shows that these two are statistically correlated. This article also suggests policy recommendations that benefit both the employment level and the U.S. current account balance.

Suggested Citation

  • Mehdi Hojjat, 2014. "Will the Unemployment Rate Fall with a Robust Forecast for the U.S. Current Account Balance?," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 2(4), pages 28-33, August.
    • Handle: RePEc:lrc:lareco:v:2:y:2014:i:4:p:28-33
    as

    Download full text from publisher

    File URL: http://journalofeconomics.org/index.php/site/article/view/88/181
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Balance of payment; Current account balance: US trade deficit;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

    Statistics

    Access and download statistics

    Corrections

    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:lrc:lareco:v:2:y:2014:i:4:p:28-33. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: S Marjan (email available below). General contact details of provider: http://www.journalofeconomics.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.