Pistoresi, Barbara; Rinaldi, Alberto - Dipartimento di Economia "Marco Biagi", Università … - 2014
By relying on a new dataset, this paper presents an econometric strategy to test the Fenoaltea’s thesis with regard to both the genesis of current account fluctuations and of the investment cycle. We perform a Granger causality test that shows that the persistent current account deficits in...
