La propuesta intertemporal de la cuenta corriente

Authors

  • Luis N. Lanteri

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.

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Published

1999-06-30

How to Cite

Lanteri, . L. N. (1999). La propuesta intertemporal de la cuenta corriente. Económica, 45(1), p. 35–71. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/8891

Issue

Vol. 45 No. 1 (1999)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.