Series: IMF Working Papers
Author(s): Jens Clausen , and Magda Kandil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: cointegration, reduced form equations, current account balance, current account deficit, balance of payments, current accounts, Macroeconomic Aspects of International Trade and Finance,
The paper investigates cyclical fluctuations in the current and financial (formerly capital) accounts of the balance of payments and major underlying components for nine industrial countries. The empirical model us...