International Macroeconomic Fluctuations and the Current Account

DSpace/Manakin Repository

Show simple item record HOFFMANN, Mathias 2012-09-13T13:04:45Z 2012-09-13T13:04:45Z 2003
dc.identifier.citation The Canadian Journal of Economics, 2003, 36, 2, 401-420 en
dc.identifier.issn 0008-4085
dc.identifier.issn 1540-5982
dc.description (The article is a revised version of a chapter of the author's EUI PhD thesis, 1999.) en
dc.description.abstract 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 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.iso en en
dc.relation.ispartof The Canadian Journal of Economics en
dc.title International Macroeconomic Fluctuations and the Current Account en
dc.type Article en
dc.identifier.doi 10.1111/1540-5982.t01-1-00006
dc.neeo.contributor HOFFMANN|Mathias|aut|
dc.identifier.volume 36 en

Files in this item

Files Size Format View

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record