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Adjustment of US external imbalances: At what horizon?

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  • Konstantinou, Panagiotis Th.

Abstract

The relative contribution of the trade and financial channels for correcting cyclical external imbalances of the US is decomposed by horizon. Valuation effects contribute for horizons up to a year, while trade flows for horizons up to 4Â years.

Suggested Citation

  • Konstantinou, Panagiotis Th., 2010. "Adjustment of US external imbalances: At what horizon?," Economics Letters, Elsevier, vol. 106(3), pages 166-168, March.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:3:p:166-168
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    References listed on IDEAS

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