Rault, Christophe; Afonso, António - In: Economics Bulletin 29 (2009) 2, pp. 1027-1034
We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use a panel-data approach based on SUR systems and Wald tests with country specific bootstrap critical values. Our...