Macroeconomic Policy and Trade Performance: International Implications and U.S. Budget Deficits

Rachel McCulloch, Issues in US-EC Trade Relations (University of Chicago Press, 1988), chap. 13, https://www.nber.org/books-and-chapters/issues-us-ec-trade-relations/macroeconomic-policy-and-trade-performance-international-implications-and-us-budget-deficits.