Shock persistence and current account dynamics
Publication in refereed journal


香港中文大学研究人员 ( 现职)

施康教授 (经济学系)

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摘要One-sector inter-temporal models of the current account predict that a transitory shock to the terms of trade will lead to improvement in trade balance, while a persistent (or permanent) one could result in trade balance deterioration. This paper reexamines this issue in a two-sector small open economy model with non-traded goods and show that the result may not hold, depending on the exchange rate regime.

着者Shi K.
期刊名称Economics Bulletin
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/011
月份9
日期1
卷号31
期次3
出版社Economics Bulletin
出版地United States
页次226http://aims.cuhk.edu.hk/converis/portal/Publication/0 - 2271
国际标準期刊号1545-2921
语言英式英语