The Twin Deficits Hypothesis: An Empirical Examination

The ‘twin deficits hypothesis’ (TDH) claims that there is a connection between fiscal and current account deficits. In its most extreme form, popularized by the ‘New Cambridge School’ in the 1970s, the argument was that, with equilibrium in the private sector, the size of the public sector deficit w...

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Veröffentlicht in:	Open economies review 2019-09, Vol.30 (4), p.759-777
Hauptverfasser:	Bird, Graham, Pentecost, Eric, Yang, Yanyan
Format:	Artikel
Sprache:	eng
Schlagworte:	Deficits Development Economics Economic models Economic Policy Economics Economics and Finance Equilibrium European Integration Explanation Hypotheses International Economics Macroeconomics/Monetary Economics//Financial Economics Private sector Public sector Research Article
Online-Zugang:	Volltext
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