This paper analyses the current account in the intertemporal model framework. Based on Obstfeld and Rogoff’s book (1996), we aim to model the ratio of the current account to GDP explicitly in the long run. Also, we criticize the tautological approach in the paper of Cerrato et al. (2014) which...

This paper analyses the current account in the intertemporal model framework. Based on Obstfeld and Rogoff’s book (1996), we aim to model the ratio of the current account to GDP explicitly in the long run. Also, we criticize the tautological approach in the paper of Cerrato et al. (2014) which...

Arabic Abstract: منذ اواخر القرن الماضي أصبحت أسواق المال مطلب ومحور اهتمام العديد من الدول النامية وذلك كونها تمثل مؤشر ومرآه عاكسة لما يحدث في اقتصادها، الأمر الذى...