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dc.contributor.authorHOFFMANN, Mathias
dc.date.accessioned2012-09-13T13:15:38Z
dc.date.available2012-09-13T13:15:38Z
dc.date.issued2001
dc.identifier.citationEconomic Journal, 2001, 111, 471, C148-163en
dc.identifier.issn0013-0133
dc.identifier.issn1468-0297
dc.identifier.urihttp://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/1814/4955en
dc.description.abstractThis 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.isoenen
dc.relation.ispartofEconomic Journalen
dc.relation.isbasedonhttp://hdl.handle.net/1814/4955
dc.titleThe Relative Dynamics of the Current Account and Investment in the G7-Economiesen
dc.typeArticleen
dc.neeo.contributorHOFFMANN|Mathias|aut|
dc.identifier.volume111en


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