The Long-Run Determinants of the U.S. External Imbalances
نویسندگان
چکیده
منابع مشابه
The Long Run Determinants of the US External Imbalances∗
This paper develops a tractable two-country model with life-cycle structure to investigate the interaction and the relative importance of productivity growth, demographic factors and fiscal policy in accounting for the evolution of the US external imbalances during the last three decades. The results suggest that (i) productivity growth differentials drive the directionality of capital flows in...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1005382