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dc.contributor.authorMakin, Tonyen_US
dc.contributor.authorNarayan, Paresh Kumaren_US
dc.contributor.editorStephen Hallen_US
dc.date.accessioned2017-04-24T09:17:24Z
dc.date.available2017-04-24T09:17:24Z
dc.date.issued2008en_US
dc.date.modified2008-11-12T07:08:43Z
dc.identifier.issn02649993en_US
dc.identifier.doi10.1016/j.econmod.2007.08.004en_AU
dc.identifier.urihttp://hdl.handle.net/10072/20404
dc.description.abstractThis paper examines the relationship between the United States saving-investment imbalance and long-term real interest rates using a new international borrowing and lending framework. It first establishes how domestic or international factors may primarily influence the US external imbalance and interest rates over any given time before showing that the current account and real long term interest rate share a positive and statistically significant co-integrating relationship based on data from the mid -1980's. The results suggest that while in the pre-Asian financial crisis period (1985:01-1996:04) US external deficits and long term interest rates were mainly determined by domestic factors, external factors beyond the control of domestic policymakers dominated from 1997:01-2004:04.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherElsevieren_US
dc.publisher.placeNetherlandsen_US
dc.publisher.urihttp://www.elsevier.com/wps/find/journaldescription.cws_home/30411/description#descriptionen_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom520en_US
dc.relation.ispartofpageto531en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalEconomic Modellingen_US
dc.relation.ispartofvolume25en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340206en_US
dc.titleHave US external imbalances been determined at home or abroad?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2008
gro.hasfulltextNo Full Text


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