| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12193 |
| 来源ID | Working Paper 12193 |
| Are There Thresholds of Current Account Adjustment in the G7? | |
| Richard H. Clarida; Manuela Goretti; Mark P. Taylor | |
| 发表日期 | 2006-05-01 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We find evidence of threshold behavior in current account adjustment for the G7 countries, such that the dynamics of adjustment towards equilibrium depend upon whether the current-account/ net-output ratio breaches estimated, country specific current account surplus or deficit thresholds. Both the speeds of adjustment and the size of the thresholds are found to differ significantly across countries. In addition, we also find evidence of shifts in means and variances of exchange rate changes, stock returns, and interest differentials that coincide with the current account adjustment regimes identified by the model. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w12193 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569847 |
| 推荐引用方式 GB/T 7714 | Richard H. Clarida,Manuela Goretti,Mark P. Taylor. Are There Thresholds of Current Account Adjustment in the G7?. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12193.pdf（496KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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