Asymmetric Dynamics in the Current Account: Evidence from Long-Horizon Data
Abstract
This letter investigates the presence of asymmetric dynamics in the behaviour of the current account as emphasized in recent theoretical contributions. We estimate a Markov switching model for long-horizon current account to GDP data for six countries and find substantial asymmetries in the behaviour of current account dynamics.Download Info
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Paper provided by University of Cologne, Department of Economics in its series Working Paper Series in Economics with number 13.Length:
Date of creation: 27 Sep 2004
Date of revision:
Handle: RePEc:kls:series:0013
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Related research
Keywords: Current account dynamics and sustainability; Markovswitching;Find related papers by JEL classification:
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
References
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