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U.S. fiscal policy and trade deficits: A broad perspective.
- Source :
- Southern Economic Journal; Jan96, Vol. 62 Issue 3, p675, 15p, 9 Charts, 2 Graphs
- Publication Year :
- 1996
-
Abstract
- Discusses the results of a systematic analysis of the link between the deficits using a five-variable system for the flexible exchange rate period 1973 to 1991. Estimation of a vector error-correction (VEC) model; Tests for multivariate cointegration; Comparison of VEC with VAR results; Substitution of real interest rate for money growth; Alternative measures of budget and trade surpluses.
- Subjects :
- BALANCE of trade
MONETARY policy
FOREIGN exchange rates
ECONOMETRIC models
Subjects
Details
- Language :
- English
- ISSN :
- 00384038
- Volume :
- 62
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Southern Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 9601315572
- Full Text :
- https://doi.org/10.2307/1060887