TY - T1 - Determinants of external imbalances between large economies SN - / UR - URN:ISBN:978-952-10-8759-2; http://hdl.handle.net/10138/309298 T3 - A1 - Niemeläinen, Julia A2 - PB - Helsingin yliopisto Y1 - 2020 LA - eng AB - This dissertation consists of an introduction and three essays on the determination of external imbalances and the real interest rate. In particular, the objective of the dissertation is to analyze the reasons behind the long-lasting current account imbalances observed over the past decades in large open economies, such as the current account deficit of the United States and the current account surplus of China, as well as the concurrent long-term decline in the world real interest rate. In ... VO - IS - SP - OP - KW - Taloustiede N1 - PP - ER -