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Twin Deficit


Fiscal Consolidation, Fiscal Policy Transmission, and Current Account Dynamics in South Africa

Christine S. Makanza and J. Paul Dunne
The debate on global current account imbalances continues to develop, with growing interest in the macroeconomic instability and widening current account de…cits faced by emerging markets. Literature establishes that the current account behaves di¤erently depending on macroeconomic circumstances in...
Dec 2015
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