search query: @indexterm consumer durables / total: 213
reference: 18 / 213
| Author: | Iscan, T.B. |
| Title: | Present value tests of the current account with durables consumption |
| Journal: | Journal of International Money and Finance
2002 : JUN, VOL. 21:3, p. 385-412 |
| Index terms: | CONSUMER DURABLES CURRENT ACCOUNT TRADING CANADA |
| Language: | eng |
| Abstract: | 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. |
SCIMA