Croke, Hilary; Kamin, Steven; Leduc, Sylvain - 2005
; improvements in the current account balance were driven
more by declines in investment rates than increases in saving rates; and … year that the
current account balance reaches its lowest value (i.e., largest deficit)–this is designated Year 0,
so that … Year 2, for example, refers to the second year after the trough in the current account
balance was reached.
To examine the …