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We study the relationship between the government budget balance and the current account balance for Portugal, using quarterly data from 1999 to 2019. On the one hand, the causality tests find a unidirectional relation running from the current account balance to the government budget balance. On...
Persistent link: https://www.econbiz.de/10012595472
This paper presents a model yielding testable implications concerning the long-run co-movements of real exchange rates, relative productivity, the trade balance and terms of trade. Countries with higher productivity, trade deficits or improved terms of trade are found to have more appreciated...
Persistent link: https://www.econbiz.de/10011587580
This paper presents a model yielding testable implications concerning the long-run co-movements of real exchange rates, relative productivity, the trade balance and terms of trade. Countries with higher productivity, trade deficits or improved terms of trade are found to have more appreciated...
Persistent link: https://www.econbiz.de/10010321757
We apply Diebold-Yilmaz spillover index methodology to monthly industrial production indices to study business cycle … interdependence among G-6 industrialized countries since 1958. The business cycle spillover index fluctuates substantially over time … the current state of the world economy: In a matter of four months from September to December 2008, the business cycle …
Persistent link: https://www.econbiz.de/10010277269
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corporations. -- Bank credit ; euro area ; non-financial corporations ; cointegration ; error-correction model …
Persistent link: https://www.econbiz.de/10003826460
Understanding the dynamics of the leverage ratio is at the heart of the empirical research about firms' capital structure, as they can be very different under alternative theoretical models. The pillars of almost all empirical applications are the maintained assumptions of poolability and...
Persistent link: https://www.econbiz.de/10011715923
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