文章基本信息

标题：Intertemporal Dynamics: Convergence Speed of Current Account across Countries
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作者：Yu, Zuwei ; Wang, Gan ; Hu, Hongwei 等
期刊名称：Journal of Networks
印刷版ISSN：1796-2056
出版年度：2013
卷号：8
期号：2
页码：501-506
DOI：10.4304/jnw.8.2.501-506
语种：English
出版社：Academy Publisher
摘要：Empirical data shows that current account has the property of mean-reversion and the speed of current account convergence is heterogenous across countries. In order to explore the factors which affect the current account adjustment speed of a small country, this paper builds up a model to study how current account would be affected by factors such as labor supply and monetary policies. We found that labor market rigidity may have a significant effect, but monetary policies only have a small impact on current account adjustment.
关键词：Current account;dynamic Heckscher-Ohlin-Samuelson framework;convergence speed;labor supply;monetary policies