Title:International Macroeconomic Fluctuations and the Current Account
Author(s):HOFFMANN, MathiasDate:2003Type of Publication:ArticleAbstract:Intertemporal models of the current account generally assume that global shocks do not affect the current account. We use this assumption to identify global and country-specific shocks in a bivariate VAR of output and the ...
Title:The Relative Dynamics of the Current Account and Investment in the G7-Economies
Author(s):HOFFMANN, MathiasDate:2001Type of Publication:ArticleAbstract:This paper contributes to the empirics of the intertemporal approach to the current account. We use a cointegrated VAR framework to identify permanent and transitory components of country-specific and global shocks. Our ...
Title:International Macroeconomic Fluctuations, Capital Mobility and the Current Account: A cointegrated approach
Author(s):HOFFMANN, MathiasDate:1999Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:In this thesis cointegrated vectorautoregressions are used to explore the empirics of the intertemporal approach to the current account recently popularized by Sachs (1981), Obstfeld (1986), Obstfeld and Rogo? (1995a,b), ...