Current Account Imbalances: Can Structural Policies Make a Difference?

Working Paper No. 12/61

The discussion of global and regional imbalances has put the spotlight on the possible link between current accounts and structural policies. Drawing on standard empirical current account models, the paper finds that the commonly recommended structural factors cannot explain the widening of imbalances prior to the 2008 - 09 crisis. That said,... READ MORE...

Publication date: February 2012
ISBN 9781463937799

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Publication date: February 2012


Publication date: February 2012