The Role of Stock Markets in Current Account Dynamics: A Time Series Approach
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| 100 | 1 | |a Mercereau, Benoît |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The Role of Stock Markets in Current Account Dynamics |b A Time Series Approach |c Mercereau, Benoît |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2004 | |
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| 490 | 0 | |a IMF Working Papers |v Working Paper No. 04/50 | |
| 520 | 3 | |a 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 version of the ""fundamental equation of the current account"" popularized by Jeffrey Sachs. It appears to shed light on recent developments in the U.S. current account deficit. The model also shows how the current account may help predict future stock market performance and/or endowment streams | |
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Record in the Search Index
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| author | Mercereau, Benoît |
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| id | DE-604.BV048348998 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:17Z |
| institution | BVB |
| isbn | 1451847009 9781451847000 |
| language | English |
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| oclc_num | 1337116731 |
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| physical | 1 Online-Ressource (30 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Mercereau, Benoît The Role of Stock Markets in Current Account Dynamics A Time Series Approach |
| title | The Role of Stock Markets in Current Account Dynamics A Time Series Approach |
| title_auth | The Role of Stock Markets in Current Account Dynamics A Time Series Approach |
| title_exact_search | The Role of Stock Markets in Current Account Dynamics A Time Series Approach |
| title_full | The Role of Stock Markets in Current Account Dynamics A Time Series Approach Mercereau, Benoît |
| title_fullStr | The Role of Stock Markets in Current Account Dynamics A Time Series Approach Mercereau, Benoît |
| title_full_unstemmed | The Role of Stock Markets in Current Account Dynamics A Time Series Approach Mercereau, Benoît |
| title_short | The Role of Stock Markets in Current Account Dynamics |
| title_sort | the role of stock markets in current account dynamics a time series approach |
| title_sub | A Time Series Approach |
| url | http://elibrary.imf.org/view/IMF001/07289-9781451847000/07289-9781451847000/07289-9781451847000.xml |
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