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Investment and the Current Account in the Short Run and the Long Run Author info | Abstract | Publisher info | Download info | Related research | Statistics Nason, James M
Rogers, John H
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Theoretical models of the relationship between investment and the current account impose restrictions on the joint dynamic behavior of these variables. These restrictions come in two forms. One imposes causal orderings on investment and the current account. The other restriction concerns the permanent responses of these variables to different shocks. We use these restrictions to identify empirically structural shocks from vector autoregressions of investment and the current account for Canada. Under certain identifications, our results support the implications of the intertemporal, small open economy model. However, these results are sensitive to perturbations of the identifications.
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Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking .
Volume (Year): 34 (2002)
Issue (Month): 4 (November)
Pages: 967-86
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Handle: RePEc:mcb:jmoncb:v:34:y:2002:i:4:p:967-86Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879
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Paper Nason, J.M. & Rogers, J.H., 2000.
"Investment and the Current Account in the Short Run and the Long Run ,"
UBC Departmental Archives
00-13, UBC Department of Economics.
James M. Nason & John H. Rogers, 1999.
"Investment and the current account in the short run and the long run ,"
International Finance Discussion Papers
647, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!] Nason, J.M. & Rogers, J.H., 2000.
"Investment and the Current Account in the Short Run and the Long Run ,"
UBC Departmental Archives
00-14, UBC Department of Economics.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Robert King & Mark W. Watson, 1992.
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