Afonso, António; Rault, Christophe - ISEG - School of Economics and Management, Department … - 2009
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...
