000 02418nam a22004454a 4500
001 WPIEA1302002
003 IMF
005 20190405162025.0
006 m o d
007 cr cn|||||||||
008 020129s2002 dcu o i00 0 eng d
020 _a1451855206 :
_c15.00 USD
020 _z9781451855203
022 _a1018-5941
024 7 _a10.5089/9781451855203.001
_2doi
035 _a(IMF)WPIEA1302002
040 _aDcWaIMF
_beng
100 1 _aChinn, Menzie David.
245 1 0 _aCurrent Account and Real Exchange Rate Dynamics in the G-7 Countries
_h[electronic resource] /
_cMenzie David Chinn.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2002.
300 _a1 online resource (22 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 02/130
520 3 _aThe canonical predictions of intertemporal open-economy macro models are tested by a structural VAR analysis of Group of Seven countries. The analysis is distinguished from the previous literature in that it adopts minimal assumptions for identification. Consistent with a large set of theoretical models, permanent shocks have large long-term effects on the real exchange rate but relatively small effects on the current account; temporary shocks have large effects on the current account and exchange rate in the short run, but not on either variable in the long run. The signs of some impulse responses point toward models that differentiate tradables and nontradables.
588 _aDescription based on print version record.
650 7 _aCurrent Account Balance
_2imf
650 7 _aExchange Rate
_2imf
650 7 _aExchange Rates
_2imf
650 7 _aIntertemporal Models
_2imf
650 7 _aOpen Economy Macroeconomics
_2imf
650 7 _aPermanent and Temporary Shocks
_2imf
651 7 _aGermany
_2imf
651 7 _aItaly
_2imf
651 7 _aJapan
_2imf
651 7 _aUnited Kingdom
_2imf
651 7 _aUnited States
_2imf
700 1 _aLee, Jaewoo.
776 0 8 _iPrint Version:
_aChinn, Menzie David.
_tCurrent Account and Real Exchange Rate Dynamics in the G-7 Countries
_dWashington, D.C. : International Monetary Fund, 2002.
_z9781451855203
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 02/130
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/01490-9781451855203/01490-9781451855203/01490-9781451855203.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451855203
_zIMF Book Store
999 _c150857
_d150857