Bahmani-Oskooee, Mohsen; Payesteh, Sayeed - In: Journal of Macroeconomics 15 (1993) 4, pp. 661-677
In this paper we investigate the statistical relation between the U.S. budget deficits and the value of the dollar using cointegration and error-correction techniques. When quarterly data are used over the period 1971-1990, we find no evidence of cointegration. However, when we incorporate 1985...