Present Value Tests of the Current Account with Durables Consumption.

The present value tests of intertemporal model of the current account usually assume that all goods are traded and that aggregate consumption decisions can be closely approximated by a random walk process. This paper extends these models by explicitly introducing durables and nontraded goods into an intertemporal model of the current account, and tests the model using Canadian data.

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Year of publication:	1999
Authors:	Iscan, T.
Institutions:	Department of Economics, Dalhousie University
Subject:	TRADE \| CANADA \| CURRENT ACCOUNT

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Series:	Department of Economics at Dalhousie University working papers archive.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005146811