Search Results - subject:"Current Account Dynamics"

On Cyclicality in the Current and Financial Accounts; Evidence From Nine Industrial Countries

Clausen, Jens R.; Kandil, Magda E. - International Monetary Fund (IMF) - 2005

The paper investigates cyclical fluctuations in the current and financial (formerly capital) accounts of the balance of payments and major underlying components for nine industrial countries. The empirical model uses as explanatory variables domestic output growth, price inflation, real exchange...

Persistent link: https://www.econbiz.de/10005769209

Hurricanes: Intertemporal Trade and Capital Shocks

Bluedorn, John C. - Economics Group, Nuffield College, University of Oxford - 2005

Hurricanes in the Caribbean and Central-America represent a natural experiment to test the intertemporal approach to current account determination. The intertemporal approach allows for the possibility of intertemporal trade, via international borrowing. Previous tests of intertemporal current...

Persistent link: https://www.econbiz.de/10005730275

Monetary-Exchange Rate Policy and Current Account Dynamics

Malik, Hamza - Volkswirtschaftliche Fakultät, … - 2005

current account dynamics in the formulation of monetary-exchange rate policies. The paper shows that because of incomplete …

Persistent link: https://www.econbiz.de/10005617029

Current account dynamics and optimal monetary policy in a two-country economy

Lu, Min - In: International Journal of Monetary Economics and Finance 5 (2012) 3, pp. 299-324

This paper explores optimal monetary policy when current account dynamics is taken into consideration in a sticky … main issues addressed include: 1) what factors affect the current account dynamics in response to technology and monetary … the household. Using a non-linear solution method, we find that the current account dynamics depends critically on the …

Persistent link: https://www.econbiz.de/10010669731

Imports, status preference, and foreign borrowing

Fisher, Walter H. - 2004

This paper considers the implications of consumption and borrowing externalities in a small open economy framework. The former reflect the assumption that status conscious agents care about the relative consumption of imported goods, while the latter arise because agents do not take into account...

Persistent link: https://www.econbiz.de/10010293720

Imports, Status Preference, and Foreign Borrowing

Fisher, Walter H. - Department of Economics and Finance Research and … - 2004

Persistent link: https://www.econbiz.de/10005764231

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

Chowdhury, Ibrahim; Gadzinski, Gregory; Hoffmann, Mathias - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2004

countries and find substantial asymmetries in the behaviour of current account dynamics. …

Persistent link: https://www.econbiz.de/10005572273

The Role of Stock Markets in Current Account Dynamics; A Time Series Approach

Mercereau, Benoît - International Monetary Fund (IMF) - 2004

This paper develops a simple model to study the impact of stock markets on the current account. A closed-form solution for the current account is derived from the optimal portfolio and consumption/saving choices of a representative agent. Formally, the model can be seen as a stock...

Persistent link: https://www.econbiz.de/10005768907

Productivity Shocks, Learning, and Open Economy Dynamics

Miniane, Jacques - International Monetary Fund (IMF) - 2004

I study the implications of productivity shocks in a model where agents observe the aggregate level of productivity but not its permanent and transitory components separately. The model's predictions under learning differ substantially from those under full information and are in line with...

Persistent link: https://www.econbiz.de/10005826568

Optimal Dutch Disease

Matsen, Egil; Torvik, Ragnar - 2003

Growth models of the Dutch disease, such as those of Krugman (1987), Matsuyama (1992), Sachs and Warner (1995) and Gylfason et al. (1999), explain why resource abundance may reduce growth. The literature, however, also raises a new question: if the use of resource wealth hurts productivity...

Persistent link: https://www.econbiz.de/10012143606