An anatomy of the Spanish current account adjustment: the role of permanent and transitory factors
Abstract This paper investigates how much of the current account adjustment after the global financial crisis in Spain can be explained by cyclical factors. For this purpose, we extend the IMF’s external balance assessment methodology to allow for country-specific slopes and intercepts. The good fit...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2020-08-01
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| Series: | SERIEs: Journal of the Spanish Economic Association |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s13209-020-00220-6 |