The role of fiscal policies for external imbalances : evidence from the European Union
We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of 0.318 pp of GDP, which supports the Twin Deficits Hyp...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2021
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| Texto completo: | http://hdl.handle.net/10400.5/21028 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/21028 |