Series: IMF Working Papers
Author(s): Menzie Chinn , and Jaewoo Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2002
Keywords: real exchange rate, intertemporal models, permanent and temporary shocks, exchange rate, current account balance, exchange rates, Open Economy Macroeconomics,
The canonical predictions of intertemporal open-economy macro models are tested by a structural VAR analysis of Group of Seven countries. The analysis is distinguished from the previous literature in that it adopts...