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Technology Capital and the U.S. Current Account

Author

Listed:
  • Edward Prescott

    (Fed Minneapolis and ASU)

  • Ellen McGrattan

    (Federal Reserve Bank of Minneapolis)

Abstract

to mimic the U.S. current accounts and find that the mismeasurement of incomes and capital stocks accounts for a little over half of the difference in reported returns.

Suggested Citation

  • Edward Prescott & Ellen McGrattan, 2007. "Technology Capital and the U.S. Current Account," 2007 Meeting Papers 90, Society for Economic Dynamics.
    • Handle: RePEc:red:sed007:90
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    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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