Holmes, Mark J.2010-08-022010-08-022010Holmes, M.J. (2010). A reassessment of the twin deficits relationship. Applied Economics Letters, 17(12), 1209-1212.https://hdl.handle.net/10289/4228This article provides new evidence on the relationship between the United States budget and current account deficits. Using a testing procedure advocated by Bierens, both deficits are found to be stationary around a nonlinear deterministic trend and are co-trended insofar as they share a common nonlinear deterministic trend.enUnited StatesUnited States budgetaccount deficitJournal Article10.1080/00036840902845434