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Author/Editor:
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Mercereau, Benoît
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Publication Date:
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May 01, 2003
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Electronic Access:
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Free Full text
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market performance. This property receives some preliminary empirical confirmation. The results also suggest that stock markets matter to the current account dynamics.
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Order a print copy
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Series:
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Working Paper No. 03/108
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Subject(s):
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Stock markets | United States | Current account | Economic models
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Author's Keyword(s):
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Current account | stock markets | fundamental equation | U.S. data | forecasting |
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English
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Publication Date:
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May 01, 2003
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA1082003
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Pages:
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35
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Price:
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US$15.00 )
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Please address any questions about this title to
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