Arbeitspapier
Saving, investment and the current account: A review of recent evidence
This paper investigates the determination of the current account. In particular, the role of aggregate saving shocks is analyzed using the saving-investment approach as a general frame of reference. Emphasis is paid to testing the Ricardian equivalence proposition. Testing is carried out using cross-section data from 52 countries. Empirical results are clearly at variance with the Ricardian approach. By contrast, the results demonstrate the importance of persistence effects as well as traditional life-cycle model effects.
- ISBN
-
951-686-198-9
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 14/1989
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Virén, Matti
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
1989
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Virén, Matti
- Bank of Finland
Entstanden
- 1989
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