Present Value Tests of the Current Account with Durables Consumption.
The present value tests of intertemporal model of the current account usually assume that all goods are traded and that aggregate consumption decisions can be closely approximated by a random walk process. This paper extends these models by explicitly introducing durables and nontraded goods into an intertemporal model of the current account, and tests the model using Canadian data.
Year of publication: |
1999
|
---|---|
Authors: | Iscan, T. |
Subject: | TRADE | CANADA | CURRENT ACCOUNT |
Saved in:
Saved in favorites
Similar items by subject
-
Present Value Tests of the Current Account with Durables Consumption.
Iscan, T., (1999)
-
Cavallo, Eduardo A., (2005)
-
Habit Formation and the Present-Value Model of the Current Account : Yet Another Suspect
Kano, Takashi, (2010)
- More ...
Similar items by person