Fiscal deficit, trade deficit, and financial account deficit: triple deficits hypothesis with the U.S. experience
By extending the well-known twin deficits hypothesis, this study proposes a new testable hypothesis - “triple deficits hypothesis” from the general equilibrium perspective, which considers the third deficit of capital and financial account of balance of payment. An empirical l framework is conceptua...
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| Format: | Monograph |
| Language: | English |
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Department of Economics, Monash University, Australia
2014
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| Online Access: | http://eprints.um.edu.my/17132/1/2014_Tang_Triple_deficits.pdf |