Current Account Dynamics : The Role of Real Shocks.

This paper demonstrates how a full-blown optimizing model of the dynamics of the current account can be reduced to a small-scale collection of reduced-form relations capable of implementing a rich set of macro-economic simulations. Emphasizing the role of shocks to productivity, labor employment, wo...

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Korporativní autor: International Monetary Fund
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1989.
Edice:IMF Working Papers; Working Paper ; No. 1989/080
On-line přístup:Full text available on IMF
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245 1 0 |a Current Account Dynamics :   |b The Role of Real Shocks. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper demonstrates how a full-blown optimizing model of the dynamics of the current account can be reduced to a small-scale collection of reduced-form relations capable of implementing a rich set of macro-economic simulations. Emphasizing the role of shocks to productivity, labor employment, world rate of interest, and tax revenues the analysis can account for movements in trade imbalances, and the decline in private saving and investment observed recently in developed open economies. 
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