Current Accounts and the Persistence of Global and Country-Specific Shocks: Is Investment really too Volatile?

M. Hoffman
Authors registered in the RePEc Author Service: Mathias Hoffmann

Economics Working Papers from European University Institute

Abstract: Using a small VAR of the current account and investment, we identify two categories of shocks: permanent vs. transitory and country-specific vs. global. Our approach involves only the most minimal identifying assumption. Using data from the G7n countries, we find that the predictions of the intertemporal approach to the currenct account are confirmed by the data.

Keywords: TIME SERIES; INVESTMENTS; INTERNATIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: C32 F41 F47 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco99/25

Access Statistics for this paper

More papers in Economics Working Papers from European University Institute Badia Fiesolana, Via dei Roccettini, 9, 50014 San Domenico di Fiesole (FI) Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Cécile Brière ().