Bussiere, Matthieu, Aikaterini, Karadimitropoulou, Leon-Ledesma, Miguel A. (2018) Current Account Dynamics and the Real Exchange Rate: Disentangling the Evidence. Macroeconomic Dynamics, . ISSN 1365-1005. (doi:10.1017/S1365100518000561) (KAR id:67580)
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Official URL https://doi.org/10.1017/S1365100518000561 |
Abstract
We study the main shocks driving current account fluctuations for the G6 economies. Our
designed to uncover the role of permanent and temporary output shocks and the relation between the
rate, net output, the real exchange rate, and the current account and identify four structural shocks.
intertemporal model with time-varying interest rate, since both external supply and preference shocks
account for a large proportion of current account fluctuations, but the excess response of the current
literature that a shock that explains little about net output changes can explain a large proportion of
current account and the real exchange rate, which explains why is it difficult to find a simple
statistical relationship between these two variables.
Item Type: | Article |
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DOI/Identification number: | 10.1017/S1365100518000561 |
Uncontrolled keywords: | Current account, real exchange rate, two-good intertemporal model, SVAR |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
Depositing User: | Miguel Leon-Ledesma |
Date Deposited: | 10 Jul 2018 12:24 UTC |
Last Modified: | 16 Feb 2021 13:56 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/67580 (The current URI for this page, for reference purposes) |
Leon-Ledesma, Miguel A.: | ![]() |
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