What Shapes Current Account Adjustment During Recessions?
What Shapes Current Account Adjustment During Recessions?
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in...
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What Shapes Current Account Adjustment During Recessions?
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TN_cdi_proquest_journals_2585943643
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2585943643
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https://www.proquest.com/docview/2585943643?pq-origsite=primo&accountid=13902
