The U.S. Current Account and the Dollar

By Olivier J. Blanchard, Francesco Giavazzi, Filipa Sá. 2005

433 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/bf17d548cde18ac2a6717610d8275e1d6046542f

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Citations in the corpus

Asset Prices, Exchange Rates and the Current Account (2007, positive): “As to the work on current account dynamics, Blanchard et al. (2005) She⁄rin (2000) augment the present-value model to allow for stochastic interest rates and exchange rates, but also the evidence using such models is rather weak, with several papers suggesting a rejection of the model (Nason and…”
Financial Integration, Financial Development, and Global Imbalances (2009, neutral): “There is a high degree of heterogeneity in domestic financial markets across countries, and these differences remain largely unaltered despite financial glob- 1 See, e.g., Obstfeld and Rogoff (2004), Summers (2004), Blanchard, Giavazzi, and Sa (2005), Roubini and Setser (2005), and Krugman (2006).”
An Equilibrium Model of Global Imbalances and Low Interest Rates (2008, neutral): “For instance, Blanchard, Giavazzi and Sa (2005) analyze US external imbalances 2For completeness, in an earlier version of this paper we accounted for the U −E pattern in terms of the growth differential between U and E.”
Explaining the Global Pattern of Current Account Imbalances (2005, neutral): “Analyses by Blanchard, Giavazzi, and Sa (2005) and Edwards (2005) also accord a role to reduced home bias in the widening of U.S. deficits.”
The Valuation Channel of External Adjustment (2009, positive): “Our work is closely related to that of Kim (2002), Tille (2005), Blanchard, Giavazzi, and Sa (2005), and Devereux and Saito (2005).”
The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors? (2013, neutral): “See Obstfeld and Rogoff (2005), Blanchard, Giavazzi, and Sa (2005), Gourinchas and Rey (2007a), the papers in Clarida (2007), Hausmann and Sturzenegger (2007), Curcuru, Dvorak, and Warnock (2008), and Blanchard and Milesi-Ferretti (2009) among others. by guest on July 6, 2013…”
Breaking Free of the Triple Coincidence in International Finance (2016, positive): “Blanchard et al (2005) similarly place the role of foreign investors’ preference for US financial assets at the core of their argument, although they build on the portfolio balance approach that gives weight to gross flows (McKinnon (1969); Dornbusch (1980); Gabaix and Maggiori (2015)).”
Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09 (2011, neutral): “…estimation of trade elasticities plays a role, in particular, in the context of global trade imbalances and the uctuations of the dollar that may accompany an adjustment in the trade balance of the U.S. and its trading partners (Obstfeld and Rogo¤, 2005, 2006, Blanchard, Giavazzi, and Sá, 2005).”