haku: @indexterm Vector autoregression models / yhteensä: 14
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| Tekijä: | Giuliodori, M. |
| Otsikko: | Nominal shocks and the current account: a structural VAR analysis of 14 OECD countries |
| Lehti: | Review of World Economics
2004 : VOL. 140:4, p. 569-591 |
| Asiasana: | Exchange rates OECD Vector autoregression models |
| Kieli: | eng |
| Tiivistelmä: | Some empirical evidence is provided here on one of the most controversial theoretical implications of the new open economy literature, which refers to the role of the current account in the international monetary transmission mechanism. This paper explores the issue by estimating separately two structural VAR models for 14 industrialized countries. The main findings highlight the importance of the role of nominal disturbances for current account fluctuations. |
SCIMA