Productivity Shocks, Habits, and the Current Account
نویسندگان
چکیده
منابع مشابه
Technology shocks and current account dynamics
Despite success along some dimensions, international business cycle models have difficulty replicating several salient features of international capital flows among developed countries. In particular, net exports and current account balances are much more persistent in the data than in standard models. We account for this feature of the data with a simple onegood two-country model in which tech...
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Richard Eckaus and Philip Lowe for their help and guidance. This work has benefited from many helpful comments from the participants of the MIT International Economics and Macroeconomics Lunches. I am grateful to Aart Kray and Jaume Ventura for kindly providing me with productivity data. The views expressed are those of the author and should not be attributed to the Reserve Bank of Australia.
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.325860