Bajo-Rubio, Oscar; Díaz-Roldán, Carmen; Esteve, Vicente - Instituto Universitario de Análisis Económico y … - 2013
In this paper, we provide a test of the sustainability of external imbalances in the OECD countries over the years 1970-2007, i.e., before the beginning of the international financial crisis. Specifically, we deal with the case of those countries that have experienced current account deficits in...