KAMIN, STEVEN B.; REEVE, TREVOR A.; SHEETS, NATHAN - In: Contemporary Economic Policy 27 (2009) 2, pp. 265-292
"This article focuses on the historical experience with U.S. external adjustment, that is, narrowings of the trade deficit. Using data from the past 35 years, we compare economic performance in episodes during which the U.S. trade balance declined against episodes during which it rose. We find...
