Arslan, Yavuz; Kılınç, Mustafa; Turhan, M. İbrahim - In: Journal of Policy Modeling 37 (2015) 2, pp. 324-341
Global imbalances pose a serious question for academia and policy makers related to its formation, sustainability and correction. In this paper we analyze the required adjustments of exchange rates for rebalancing in current accounts. We set up a two-country two-sector model for the US-China...