Fratzscher, Marcel (contributor); … - 2007
of the US trade balance. It employs a Bayesian structural VAR model that requires imposing only a minimum of economically … current account in the past, accounting for up to 32% of the movements of the US trade balance at a horizon of 20 quarters. By … effect on the US trade balance. Our findings suggest that sizeable exchange rate movements may not necessarily be a key …
