全球智库信息集成服务系统(G2TT): Current Accounts and Exchange Rates: A New Look at the Evidence

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8361
来源ID	Working Paper 8361
	Current Accounts and Exchange Rates: A New Look at the Evidence
	Greg Leonard; Alan C. Stockman
发表日期	2001-07-01
出版年	2001
语种	英语
摘要	This paper 'goes back to basics' in empirical analysis of the J-Curve. First, we document strong violations in the distributional assumptions that underlie nearly all previous work on this issue. Second, we employ distribution-free, non-parametric statistical tests to characterize the data and summarize the key relationships between real exchange rates, the current account, and real GDP. We find some (weak) evidence of a J-Curve in the data. Interestingly, however, we document that this evidence is not consistent with the standard theoretical explanation of the J-Curve. Consequently, our empirical results pose a strong challenge for international economic theory.
主题	International Economics ; International Macroeconomics
URL	https://www.nber.org/papers/w8361
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/565963
推荐引用方式 GB/T 7714	Greg Leonard,Alan C. Stockman. Current Accounts and Exchange Rates: A New Look at the Evidence. 2001.