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dc.contributor.supervisor Rockerbie, Duane
dc.contributor.author Opoku, Frank
dc.contributor.author University of Lethbridge. Faculty of Arts and Science
dc.date.accessioned 2017-07-20T17:30:42Z
dc.date.available 2017-07-20T17:30:42Z
dc.date.issued 2017
dc.identifier.uri https://hdl.handle.net/10133/4883
dc.description.abstract The relationship between the government budget and the current account deficits has been explained to depend on the degree of capital mobility, exchange rate regimes and other important factors. One factor that has not received much attention is how different monetary policy regimes may affect the relationship through their effects on the transmission mechanism between the two deficits. We consider the theoretical bases for analyzing the twin deficit hypothesis within an IS-MP model as an alternative to the conventional IS-LM-BP model and the predictions of the models are tested using empirical data. Using, Canada, the U.K. and the U.S., we found that rules-based monetary policy, particularly inflation targeting, improves capital mobility and changes the relationship between the government budget deficit and the current account deficit. The changes however, we identify to be dependent on how well the policy rule is able to control the effects of inflation expectations. en_US
dc.description.sponsorship School of Graduate Studies, University of Lethbridge en_US
dc.language.iso en_US en_US
dc.publisher Lethbridge, Alta : University of Lethbridge, Dept. of Economics en_US
dc.relation.ispartofseries Thesis (University of Lethbridge. Faculty of Arts and Science) en_US
dc.subject budget deficit en_US
dc.subject capital mobility en_US
dc.subject current account balance en_US
dc.subject inflation targeting en_US
dc.subject monetary policy en_US
dc.subject twin deficit hypothesis en_US
dc.title Twin deficit and capital mobility under different monetary policy regimes en_US
dc.type Thesis en_US
dc.publisher.faculty Arts and Science en_US
dc.publisher.department Department of Economics en_US
dc.degree.level Masters en_US
dc.proquest.subject 0501 en_US
dc.proquest.subject 0511 en_US
dc.proquestyes Yes en_US
dc.embargo No en_US


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