The Resource International macroeconomic fluctuations, capital mobility and the current account : a cointegrated approach, Mathias Hoffmann

International macroeconomic fluctuations, capital mobility and the current account : a cointegrated approach, Mathias Hoffmann

Label
International macroeconomic fluctuations, capital mobility and the current account : a cointegrated approach
Title
International macroeconomic fluctuations, capital mobility and the current account
Title remainder
a cointegrated approach
Statement of responsibility
Mathias Hoffmann
Creator
Contributor
Subject
Language
eng
Summary
In this thesis cointegrated vectorautoregressions are used to explore the empirics of the intertemporal approach to the current account recently popularized by Sachs (1981), Obstfeld (1986), Obstfeld and Rogo? (1995a, b), Razin (1995), and Obstfeld and Rogo? (1996). The theoretical framework will be given throughout by quadratic models that allow for simple closed-form solutions. These models are not of particular theoretical interest but rather serve to motivate an important reduced-form implication that should also survive in more complicated model settings: the current account should be an order of magnitude less persistent than its driving forces, savings and investment. This prediction can be formalized as a cointegrating restriction in VAR-approximations of the data dynamics
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Hoffmann, Mathias
Date time place
Defence date: 6 September 1999
Dissertation note
Thesis (Ph. D.)--European University Institute (ECO), 1999.
Illustrations
  • charts
  • illustrations
Index
no index present
Literary form
non fiction
Nature of contents
theses
http://library.link/vocab/relatedWorkOrContributorName
European University Institute
Series statement
  • EUI PhD theses
  • EUI theses
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Capital movements
Label
International macroeconomic fluctuations, capital mobility and the current account : a cointegrated approach, Mathias Hoffmann
Instantiates
Publication
Note
Examining board: Prof. Michael Artis, EUI, Supervisor ; Prof. Søren Johansen, EUI, Supervisor ; Prof. Mark Taylor, University of Warwick ; Prof. Axel Weber, University of Frankfurt
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb12372316
Dimensions
30 cm.
Extent
134 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
charts, tables
System control number
(OCoLC)1038728076
Label
International macroeconomic fluctuations, capital mobility and the current account : a cointegrated approach, Mathias Hoffmann
Publication
Note
Examining board: Prof. Michael Artis, EUI, Supervisor ; Prof. Søren Johansen, EUI, Supervisor ; Prof. Mark Taylor, University of Warwick ; Prof. Axel Weber, University of Frankfurt
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb12372316
Dimensions
30 cm.
Extent
134 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
charts, tables
System control number
(OCoLC)1038728076

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