Barnett, Alina; Straub, Roland - 2008
theme in international economics and a powerful driver
of change in economic history. Under the gold standard, trade balance … Introduction
External imbalances are a central theme in international economics and a powerful driver
of change in economic history … changes
a�ected business cycle �uctuations (Hooker, 2002, Hamilton, 2005, Lippi and Nobili, 2007,
Blanchard and Gali, 2007 and …