Fiscal Policies, Net Saving, and Real Exchange Rates: The United States, the Federal Republic of Germany, and Japan

Malcolm Knight and Paul Masson, International Aspects of Fiscal Policies (University of Chicago Press, 1988), chap. 2, https://www.nber.org/books-and-chapters/international-aspects-fiscal-policies/fiscal-policies-net-saving-and-real-exchange-rates-united-states-federal-republic-germany-and-japan.