| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1576 |
| 来源ID | Working Paper 1576 |
| Exchange Rate and Current Account Dynamics Under Rational Expectations: An Econometric Analysis | |
| David H. Papell | |
| 发表日期 | 1985-03-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | An econometric portfolio balance model of an open economy, incorporating exchange rate, price, and current account dynamics, is derived and estimated.The usual stability conditions do not guarantee a unique rational expectations solution, and several proposals for resolving this situation are considered. Using constrained maximum likelihood methods, the model is estimated for Japan.The estimation results indicate that the model is quite successful in explaining the patterns found in the data. The model is estimated using several methods of resolving the question of non-uniqueness, and the results are compared. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w1576 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558815 |
| 推荐引用方式 GB/T 7714 | David H. Papell. Exchange Rate and Current Account Dynamics Under Rational Expectations: An Econometric Analysis. 1985. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1576.pdf（441KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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