Template-Type: ReDIF-Article 1.0

Author-Name: Luis N. Lanteri
Author-Workplace-Name: Universidad Nacional de Buenos Aires

Title: La propuesta intertemporal de la cuenta corriente. Evidencia para la Argentina

Abstract: 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.  

Journal: Económica
Pages: 35-71
Volume: XLV
Issue: 1
Year: 1999
Month: January-June

File-URL: https://revistas.unlp.edu.ar/Economica/article/view/8891/7732
File-Format: Application/pdf
Handle: RePEc:akh:journl:450