| dc.contributor.author |
HOFFMANN, Mathias |
|
| dc.date.accessioned |
2012-09-13T13:15:38Z |
|
| dc.date.available |
2012-09-13T13:15:38Z |
|
| dc.date.issued |
2001 |
|
| dc.identifier.citation |
Economic Journal, 2001, 111, 471, C148-163 |
en |
| dc.identifier.issn |
0013-0133 |
|
| dc.identifier.issn |
1468-0297 |
|
| dc.identifier.uri |
http://hdl.handle.net/1814/23756 |
|
| dc.description |
(The article is a revised version of a chapter of the author's EUI PhD thesis, 1999.) http://hdl.handle.net/1814/4955 |
en |
| dc.description.abstract |
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 approach allows us to investigate empirically the sensitivity to persistence implied by many forward-looking models and our results shed new light on the excess volatility of investment encountered by Glick and Rogoff (1995). In G7 data, we find the relative current-account and investment response to be in line with the intertemporal approach. |
en |
| dc.language.iso |
en |
en |
| dc.relation.ispartof |
Economic Journal |
en |
| dc.title |
The Relative Dynamics of the Current Account and Investment in the G7-Economies |
en |
| dc.type |
Article |
en |
| dc.neeo.contributor |
HOFFMANN|Mathias|aut| |
|
| dc.identifier.volume |
111 |
en |