Sustainability of external imbalances in the OECD countries

In this paper, we provide a test of the sustainability of external imbalances in the OECD countries, over the years 1970-2007. Specifically, we deal with the case of those countries that have experienced current account deficits in more than half of the years throughout the period of analysis, and address the recent critique of Bohn (2007) on unit root and cointegration tests of the intertemporal budget constraint.

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Year of publication:	2011-10
Authors:	Bajo-Rubio, Oscar ; Díaz-Roldán, Carmen ; Esteve, Vicente
Institutions:	Asociación Española de Economía y Finanzas Internacionales - AEEFI
Subject:	External imbalances \| Sustainability \| Current account

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 11-07 20 pages
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010856696