Adjustment of US external imbalances: At what horizon?

Panagiotis Th. Konstantinou

Economics Letters, 2010, vol. 106, issue 3, 166-168

Abstract: The relative contribution of the trade and financial channels for correcting cyclical external imbalances of the US is decomposed by horizon. Valuation effects contribute for horizons up to a year, while trade flows for horizons up to 4Â years.

Keywords: External; imbalances; International; financial; adjustment; Valuation; and; trade; channel; of; external; adjustment (search for similar items in EconPapers)
Date: 2010
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