Add to ORKGThis paper aims to provide a theory of current account adjustment that generalizes the textbook version of the intertemporal approach to current account and places domestic labor market institutions at the center stage. In general, in response to a shock, an economy adjusts through a combination of a change in the composition of goods trade (i.e., intra-temporal trade channel) and a change in the current account (i.e., intertemporal trade channel). The more rigid the labor market, the slower the speed of adjustment of the current account towards its long-run equilibrium. Three pieces of evidence are provided that are consistent with the theory
In this paper a minimal general equilibrium intertemporal model, with optimizing consumers and produ...
This paper explores how monetary policies affect the current account in a sticky-price intertemporal...
The intertemporal substitution model of labor supply has been based on closed economy models. This p...
This paper aims to provide a theory of current account adjustment that places domestic labor market ...
This paper aims to provide a theory of current account adjustment that generalizes the textbook vers...
This study provides novel evidence on the impact of labor market institutions on current account dyn...
The past decade has witnessed the development of a large theoretical literature on the intertemporal...
Traditional analysis of the determination of the current account balance of a country is based on st...
This paper provides a formal analysis of the current account balance in a dynamic model with optimiz...
The current accounts data of industrial countries exhibits some strong patterns that are inconsisten...
This paper develops an intertemporal model of the current account that allows for variable interest ...
The intertemporal approach views the current-account balance as the outcome of forwardlooking dynami...
This paper provides empirical evidence on the adjustment dynamics of the US net foreign liabilities,...
This paper is a theory-based study of the long-run determinants of the current account (CA). For man...
The paper is a substantial revision of an earlier paper, "Current Account Adjustment: Some New...
In this paper a minimal general equilibrium intertemporal model, with optimizing consumers and produ...
This paper explores how monetary policies affect the current account in a sticky-price intertemporal...
The intertemporal substitution model of labor supply has been based on closed economy models. This p...
This paper aims to provide a theory of current account adjustment that places domestic labor market ...
This paper aims to provide a theory of current account adjustment that generalizes the textbook vers...
This study provides novel evidence on the impact of labor market institutions on current account dyn...
The past decade has witnessed the development of a large theoretical literature on the intertemporal...
Traditional analysis of the determination of the current account balance of a country is based on st...
This paper provides a formal analysis of the current account balance in a dynamic model with optimiz...
The current accounts data of industrial countries exhibits some strong patterns that are inconsisten...
This paper develops an intertemporal model of the current account that allows for variable interest ...
The intertemporal approach views the current-account balance as the outcome of forwardlooking dynami...
This paper provides empirical evidence on the adjustment dynamics of the US net foreign liabilities,...
This paper is a theory-based study of the long-run determinants of the current account (CA). For man...
The paper is a substantial revision of an earlier paper, "Current Account Adjustment: Some New...
In this paper a minimal general equilibrium intertemporal model, with optimizing consumers and produ...
This paper explores how monetary policies affect the current account in a sticky-price intertemporal...
The intertemporal substitution model of labor supply has been based on closed economy models. This p...