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Those Current Account Imbalances: A Sceptical View

✍ Scribed by W. Max Corden

Book ID: 111025329
Publisher: John Wiley and Sons
Year: 2007
Tongue: English
Weight: 137 KB
Volume: 30
Category: Article
ISSN: 0378-5920
DOI: 10.1111/j.1467-9701.2007.01000.x

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## Abstract The saving–investment correlation in the long run may be interpreted as an indicator of the respect of the nation's intertemporal budget constraint. In the context of the single equation method, the existence of such a long‐run relationship implies that the levels of the variables as re