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Consumption Tilting, Habit Persistence and Precautionary Savings : Are They a New Hope for Current Account Approach?

Marçal, Emerson Fernandes - 2011

This paper aims to test the current account approach. Four variants of the model are analyzed. The first variant consists of the traditional model due to Sachs [SACHS, J. (1982): "The Current Account in the Macroeconomic Adjustment Process," Scandinavian Journal of Economics, 84, 147-159.].The...

Persistent link: https://www.econbiz.de/10013133650

Current account dynamics under information rigidity and imperfect capital mobility

Shibata, Akihisa; Shintani, Mototsugu; Tsuruga, Takayuki - 2018 - This draft: July 2018

The current account in developed countries is highly persistent and volatile in comparison to output growth. The standard intertemporal current account model with rational expectations (RE) fails to account for the observed current account dynamics together with persistent changes in...

Persistent link: https://www.econbiz.de/10011868970

Desigualdad, profundidad financiera e impacto en la cuenta corriente

Carrera, Jorge; Rodríguez, Esteban; Sardi, Mariano - 2015

Persistent link: https://www.econbiz.de/10011417928

This content is available to youInequality, the crisis, and stagnation

Treeck, Till van - In: European journal of economics and economic policies : … 12 (2015) 2, pp. 158-169

Persistent link: https://www.econbiz.de/10011418071

Income distribution and current account : a sectoral perspective

Behringer, Jan; Treeck, Till van - 2013

Wir untersuchen den Zusammenhang zwischen funktionaler und personeller Einkommensverteilung einerseits und … ceteris paribus mit einem Rückgang des Finanzierungssaldos der privaten Haushalte und der Leistungsbilanz einhergeht. Dieser … Unternehmenssektors zu einem Anstieg der Leistungsbilanz, d.h. der Unternehmensschleier (corporate veil) beeinflusst das Sparverhalten der …

Persistent link: https://www.econbiz.de/10010201632

Current account imbalances and income inequality: theory and evidence

Al-Hussami, Fares; Remesal, Álvaro Martín - 2012

In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current account balance. We develop a model with consumption externalities and heterogeneous agents which explains how an increase in income inequality can affect negatively or positively...

Persistent link: https://www.econbiz.de/10009565857

Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

imbalances. I argue that the imbalances are attributable to a set of policies and institutions embedded in the economy. Moreover …

Persistent link: https://www.econbiz.de/10009656609

Income distribution, the Great Depression, and the relative income hypothesis

Belabed, Christian A. - In: European journal of economics and economic policies : … 15 (2018) 1, pp. 47-70

Persistent link: https://www.econbiz.de/10011890859

Out of balance? : revisiting the nexus of income inequality, household debt and current account imbalances after the Great Recession

Ascione, Fabio; Schnetzer, Matthias - In: Cambridge journal of economics 46 (2022) 1, pp. 133-165

Persistent link: https://www.econbiz.de/10012876282

Current Account Imbalances, Household Consumption and Debt in the Euro Area : A Tale of Two Financial Liberalizations

Marzinotto, Benedicta - 2018

This paper explores the extent to which financial liberalization in the euro area had a differentiated impact on members' private consumption patterns and in turn on their current account positions as a function of who got indebted in the first place. Theoretically, it builds on an...

Persistent link: https://www.econbiz.de/10012922538