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14 A Dynamic Error-Correction Model of the U.S. Current Account

14 A Dynamic Error-Correction Model of the U.S. Current Account »

Source: The United States Economy : Performance and Issues

Series: Books

Author(s): Yusuke Horiguchi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1992

ISBN: 9781557752314

Keywords: health care, exchange rates, social security, equation, unemployment

Conventional models of the U.S. current account, which express trade flows as functions of activity variables and relative prices, have recently been criticized on the grounds that they fail to...

PART IV Current Account Adjustment and the Exchange Rate

PART IV Current Account Adjustment and the Exchange Rate »

Source: The United States Economy : Performance and Issues

Series: Books

Author(s): Yusuke Horiguchi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1992

ISBN: 9781557752314

Keywords: health care, exchange rates, social security, equation, unemployment

...

11 The Two Monetary Approaches to the Balance of Payments 1 Keynesian and Johnsonian

11 The Two Monetary Approaches to the Balance of Payments 1 Keynesian and Johnsonian »

Source: Economic Theory and Financial Policy : Selected Essays of Jacques J. Polak, 1994-2004

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2004

ISBN: 9780765616142

Keywords: exchange rate, monetary fund, exchange rates, monetary system, capital movements

1. Introduction In the 1950s and 60s, a number of new approaches were developed with the aim of understanding better the sequences of economic events that could lead countries into b...