Large external imbalances have become a policy concern. This study investigates the determinants of external balances for regions within a single country – Canadian provinces – as well as for a sample of 18 OECD countries. External balance adjustment may differ for provinces since there are...

Relations between national public and private savings, domestic investment, and the current account are analyzed with the Global Econometric Model (National Institute, London). Simulation results obtained with this full modeling approach for the US, Japan, Germany and the UK are compared with...

This paper analyzes the behavior of the current account and the exchange rate in the British economy during the 1970's, and discusses the outlook, as influenced by the availability of oil revenues, for exchange rate developments during the 1980's.Both trade and exchange rate behavior are...