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Present Value Tests of the Current Account with Durables Consumption Author info | Abstract | Publisher info | Download info | Related research | Statistics Iscan, T.
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The present value tests of intertemporal model of the current account usually assume that all goods are traded and that aggregate consumption decisions can be closely approximated by a random walk process. This paper extends these models by explicitly introducing durables and nontraded goods into an intertemporal model of the current account, and tests the model using Canadian data.
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Paper provided by Dalhousie, Department of Economics in its series Department of Economics at Dalhousie University working papers archive with number
99-04.
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Length: 24 pages
Date of creation: 1999Date of revision:
Handle: RePEc:dal:wparch:99-04Contact details of provider: Postal: Halifax, Nova Scotia, B3H 3J5 Phone: (902) 494-2026 Fax: (902) 494-6917 Email: Web page: http://www.economics.dal.ca More information through EDIRC
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Keywords: TRADE CANADA CURRENT ACCOUNT Other versions of this item:
Find related papers by JEL classification: F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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Journal of Monetary Economics ,
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Matsuyama, Kiminori, 1990.
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Econometrica ,
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Other versions: Shibata, Akihisa & Shintani, Mototsugu, 1998.
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Iscan, Talan B., 2000.
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Lewis, Karen K, 1996.
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Journal of Political Economy ,
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Assaf Razin & Andrew Rose, 1994.
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José De Gregorio & Pablo E. Guidotti & Carlos A. Végh, 1998.
"Inflation Stabilization and the Consumption of Durable Goods ,"
Documentos de Trabajo
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Other versions: Robert J. Barro & Xavier Sala-i-Martin, 1991.
"World Real Interest Rates ,"
NBER Working Papers
3317, National Bureau of Economic Research, Inc.
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Other versions: Ghosh, Atish R, 1995.
"International Capital Mobility amongst the Major Industrialised Countries: Too Little or Too Much? ,"
Economic Journal ,
Royal Economic Society, vol. 105(428), pages 107-28, January.
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Newey, Whitney K & West, Kenneth D, 1994.
"Automatic Lag Selection in Covariance Matrix Estimation ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 61(4), pages 631-53, October.
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Other versions: John V. Leahy & Joseph Zeira, 2000.
"The Timing of Purchases and Aggregate Fluctuations ,"
NBER Working Papers
7672, National Bureau of Economic Research, Inc.
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Other versions: Glick, Reuven & Rogoff, Kenneth, 1995.
"Global versus country-specific productivity shocks and the current account ,"
Journal of Monetary Economics ,
Elsevier, vol. 35(1), pages 159-192, February.
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Other versions:
Reuven Glick & Kenneth Rogoff, 1992.
"Global versus country-specific productivity shocks and the current account ,"
Working Papers in Applied Economic Theory
92-06, Federal Reserve Bank of San Francisco.
Reuven Glick & Kenneth Rogoff, 1992.
"Global Versus Country-Specific Productivity Shocks and the Current Account ,"
NBER Working Papers
4140, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Reuven Glick & Kenneth Rogoff, 1993.
"Global Versus Country-Specific Productivity Shocks and the Current Acocount ,"
Boston University - Institute for Economic Development
31, Boston University, Institute for Economic Development.
Reuven Glick & Kenneth Rogoff, 1993.
"Global versus country-specific productivity shocks and the current account ,"
International Finance Discussion Papers
443, Board of Governors of the Federal Reserve System (U.S.).
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José M. Campa & Ángel Gavilán, 2006.
"Current accounts in the euro area: An intertemporal approach ,"
Banco de España Working Papers
0638, Banco de España.
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