Series: IMF Working Papers
Author(s): Benoît Mercereau
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2003
Keywords: fundamental equation, U.S. data, current account deficit, current account dynamics, current account deficits, current account surplus,
This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight giv...