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dc.contributor.authorHOFFMANN, Mathias
dc.date.accessioned2012-09-13T13:04:45Z
dc.date.available2012-09-13T13:04:45Z
dc.date.issued2003
dc.identifier.citationThe Canadian Journal of Economics, 2003, 36, 2, 401-420en
dc.identifier.issn0008-4085
dc.identifier.issn1540-5982
dc.identifier.urihttp://hdl.handle.net/1814/23755
dc.description(The article is a revised version of a chapter of the author's EUI PhD thesis, 1999.) http://hdl.handle.net/1814/4955en
dc.description.abstractIntertemporal 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 current account. Cross-country evidence from the G7 economies suggests that this identification works surprisingly well. We then employ our method to collect stylized facts on international macroeconomic fluctuations. We find that long-term output growth is driven mainly by global factors in most G7 countries and that country-specific shocks are less persistent and generally less volatile than global shocks.en
dc.language.isoenen
dc.relation.ispartofThe Canadian Journal of Economicsen
dc.titleInternational Macroeconomic Fluctuations and the Current Accounten
dc.typeArticleen
dc.identifier.doi10.1111/1540-5982.t01-1-00006
dc.neeo.contributorHOFFMANN|Mathias|aut|
dc.identifier.volume36en


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