| 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 | https://hdl.handle.net/1814/23756 | |
| 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.relation.isbasedon | http://hdl.handle.net/1814/4955 | |
| 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 |
| dc.description.version | The article is a revised version of a chapter of the author's EUI PhD thesis, 1999. | |