Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2007
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vestment, which results in current account imbalances that are too small to be consistent with
a world of high capital … precisely on current account reversals (understood as sharp changes in a short period of
time) in all countries of the world … approach, it is assumed that all preferences for goods in the
world are identical, output is exogenous, exports are demand …