文章基本信息

标题：Travel hysteresis in the US current account after the mid-1980s
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作者：Sergio Da Silva ; Guilherme Moura ; Roberto Meurer 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2005
卷号：14
出版社：Economics Bulletin
摘要：Following the real appreciation of the US dollar in the first half of the 1980s, travel expenditures in the current account soared. Employing standard regression techniques as well as Markov-switching regime analysis we show that such expenditures did not return to their pre-appreciation levels thereafter. The permanent increase suggests the presence of travel hysteresis in the US current account after the mid-1980s.