Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/50583 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorKaradimitropoulou, Aikaterinien
dc.contributor.authorLeón-Ledesma, Miguel A.en
dc.date.accessioned2011-10-21T16:52:50Z-
dc.date.available2011-10-21T16:52:50Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/50583-
dc.description.abstractWe analyze the sources of current account fluctuations for the G6 economies. Based on Bergin and Sheffrin's (2000) two-goods inter-temporal framework, we build a SVAR model including the world real interest rate, net output, real exchange rate, and the current account. The theory model allows for the identification of structural shocks in the SVAR using longrun restrictions. Our results suggest three main conclusions: i) we find evidence in favour of the present-value model of the CA for all countries except France; ii) there is substantial support for the two-good intertemporal model, since both external supply and preferences shocks account for an important proportion of CA fluctuations; iii) temporary domestic shocks account for a large proportion of CA fluctuations, but the excess response of the CA is less pronounced than in previous studies.en
dc.language.isoengen
dc.publisher|aUniversity of Kent, Department of Economics |cCanterburyen
dc.relation.ispartofseries|aDepartment of Economics Discussion Paper |x09,10en
dc.subject.jelF32en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.keywordcurrent accounten
dc.subject.keywordreal exchange rateen
dc.subject.keywordtwo-good intertemporal modelen
dc.subject.keywordSVARen
dc.subject.stwZahlungsbilanzungleichgewichten
dc.subject.stwVolatilitäten
dc.subject.stwWechselkursen
dc.subject.stwSchocken
dc.subject.stwVAR-Modellen
dc.subject.stwIndustriestaatenen
dc.titleSources of current account fluctuations in industrialized countries-
dc.typeWorking Paperen
dc.identifier.ppn608637289en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
448.02 kB





Publikationen in EconStor sind urheberrechtlich geschützt.