The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
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In this paper I use a large multi-country data set to analyze the determinants of abrupt and large "current account reversals." The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by larger current
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美国国家经济研究局创建时间：
2006-04-01
