This paper uses the OECD's economic model, INTERLINK, to examine the consequences of eliminating the U.S. federal government deficit. Such action could lead to either lower real interest rates, lower inflation rates or a smaller current account deficit, depending on the stance of monetary...

Since May 2004, Slovenia has been a member state of the European Union. Although trade barriers had been removed to a large extent with the progressing accession negotiations, participation in the EU is further fostering the European economic integration of the new member states. One important...