Celebi, Kaan; Röger, Werner; Welfens, Paul J. J. - 2024
that apart from the safe asset hypothesis, there is an important role for technology shocks originating in US multinational … companies that have a strong foreign direct investment presence. It is shown that technology shocks that increase the market … significantly to the increase of the US current account deficit and its duration. Technology shocks have been neglected as a reason …