English, Article edition: La propuesta intertemporal de la cuenta corriente. Evidencia para la Argentina Luis N. Lanteri

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Bookmark: http://trove.nla.gov.au/version/121806
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  • article
Language
  • English

Edition details

Title
  • La propuesta intertemporal de la cuenta corriente. Evidencia para la Argentina
Author
  • Luis N. Lanteri
Physical Description
  • article
Notes
  • In this paper, we estimate a version of an intertemporal current account model. This model utilizes an econometric approach developed by Campbell and Campbell and Shiller for a closed economy (the permanent income hypothesis of consumption under rational expectations) to test a similar implication for an open economy. The paper uses a model of optimal external borrowing to estimate a time series of the optimal consumption smoothing current account for Argentina. The time series of the optimal current account generated by the model serves as a benchmark against which to judge the actual data.
  • RePEc:lap:journl:450
Language
  • English
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