Asymmetric Dynamics in the Current Account: Evidence from Long-Horizon Data

This letter investigates the presence of asymmetric dynamics in the behaviour of the current account as emphasized in recent theoretical contributions. We estimate a Markov switching model for long-horizon current account to GDP data for six countries and find substantial asymmetries in the behaviour of current account dynamics.

MoreLess

Year of publication:	2004-09-27
Authors:	Chowdhury, Ibrahim ; Gadzinski, Gregory ; Hoffmann, Mathias
Institutions:	Staatswissenschaftliches Seminar, Wirtschafts- und Sozialwissenschaftliche Fakultät
Subject:	Current account dynamics and sustainability \| Markovswitching

More details

Extent:	application/pdf
Series:	Working Paper Series in Economics.
Type of publication:	Book / Working Paper
Notes:	Number 13
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; C22 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005572273