Dominant Drivers of Current Account Dynamics

Released on by Lukas Boer
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  • Dominant Drivers of Current Account Dynamics Book Detail

  • Author : Lukas Boer
  • Release Date : 2024-04-26
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 47
  • ISBN 13 :
  • File Size : 45,45 MB
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Dominant Drivers of Current Account Dynamics by Lukas Boer PDF Summary

Book Description: We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which macroeconomic shocks are behind the empirical dominant drivers of the current account at business-cycle frequency. Rather than financial shocks or aggregate shocks to supply or demand, shocks to the relative demand between home and foreign goods are found to play a pivotal role in current account dynamics.

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