A Two-Country Model of Current Account Imbalances and Economic Growth

Laura Barbosa de Carvalho
Written By SCEPA

WORKING PAPER

DOWNLOAD PDF

(1.11 MB)

This paper builds a two-country stock-flow consistent model by com- bining a debt-led economy that emits the international reserve currency with an export-led economy.

The conclusion is that in order to combine higher global economic growth with the long-run stability of the system, deeper changes must take place.

SCEPA
Previous

Adopting a Currency Transaction Tax When Avoidance is a Possibility
Next

Ecological Macroeconomics