National Stochastic Trends and International Macroeconomic Fluctuations: the Role of the Current Account

Mathias Hoffmann

Economics Working Papers from European University Institute

Abstract: We propose a simple intertemporal model of output and current account dynamics that we estimate using a cointegrated VAR approach. We suggest a method for identifying global and country-specific shocks from the VAR and test it, using cross-country evidence.

Keywords: TIME SERIES; INTERNATIONAL ECONOMY; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: C32 F41 F43 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco99/26

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