Current account balance cyclicality

We assess the cyclicality of current account balances for the period 2001Q1–2014Q4, focusing on Portugal and using Germany as a benchmark. We find that the cyclical component of the current account was positively explained by 3-month Euribor, but negatively by the financial crisis, systemic stress i...

Full description

Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Silva, Jorge (author)
Format: article
Language:eng
Published: 2022
Subjects:
Online Access:http://hdl.handle.net/10400.5/25526
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25526