The role of stock markets in current account dynamics : a time-series approach /
This paper develops a simple model to study the impact of stock markets on the current account. A closed-form solution for the current account is derived from the optimal portfolio and consumption/saving choices of a representative agent. Formally, the model can be seen as a stock market-augmented v...
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund, Asia and Pacific Dept.,
c2004
[Washington, D.C.] : International Monetary Fund, ©2004 Washington, D.C. : 2004 |
| Series: | IMF Working Papers ;
Working Paper No. 04/50 IMF Working Papers; Working Paper ; No. 2004/050 IMF eLibrary IMF working paper ; WP/04/50 |
| Subjects: |
Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
HG3810.I45 no.WP/04/50 |
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