The Relative Dynamics of the Current Account and Investment in the G7-Economies

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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.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


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