Ghatak, Anita - In: Global Business and Economics Review 6 (2004) 2, pp. 239-254
Germany and the U.K. for 1950-2002. There is evidence that interest rate, current account deficit and debt increase with … UK but the speed of adjustment is mentionable only for current account deficit and for consumption in Germany and only … for debt in the UK. The evidence on bivariate causality from deficit, therefore, also exists in these three cases. …