A Simple Model of the Relationship Between Productivity, Saving and the Current Account:
This paper uses a simple dynamic stochastic general equilibrium model to explore the qualitative impact of productivity shocks on current account positions via their impact on the saving behaviour of households. The analysis shows that the direction of the impact is ambiguous from a theoretical poin...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2010
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper uses a simple dynamic stochastic general equilibrium model to explore the qualitative impact of productivity shocks on current account positions via their impact on the saving behaviour of households. The analysis shows that the direction of the impact is ambiguous from a theoretical point of view. This impact depends in particular on consumer's willingness to shift consumption over time relative to their willingness to shift consumption between different types of goods, on whether they believe the shock to be temporary or permanent, and on the sector in which the shock occurs |
| Physical Description: | 1 Online-Ressource (23 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5km398t8tqkf-en |
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| spelling | Fournier, Jean-Marc Verfasser aut A Simple Model of the Relationship Between Productivity, Saving and the Current Account Jean-Marc Fournier and Isabell Koske = Un modèle simple reliant la productivité, l'épargne et la balance courante / Jean-Marc Fournier et Isabell Koske Un modèle simple reliant la productivité, l'épargne et la balance courante Paris OECD Publishing 2010 1 Online-Ressource (23 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper uses a simple dynamic stochastic general equilibrium model to explore the qualitative impact of productivity shocks on current account positions via their impact on the saving behaviour of households. The analysis shows that the direction of the impact is ambiguous from a theoretical point of view. This impact depends in particular on consumer's willingness to shift consumption over time relative to their willingness to shift consumption between different types of goods, on whether they believe the shock to be temporary or permanent, and on the sector in which the shock occurs Economics Koske, Isabell ctb https://doi.org/10.1787/5km398t8tqkf-en Verlag kostenfrei Volltext |
| spellingShingle | Fournier, Jean-Marc A Simple Model of the Relationship Between Productivity, Saving and the Current Account Economics |
| title | A Simple Model of the Relationship Between Productivity, Saving and the Current Account |
| title_alt | Un modèle simple reliant la productivité, l'épargne et la balance courante |
| title_auth | A Simple Model of the Relationship Between Productivity, Saving and the Current Account |
| title_exact_search | A Simple Model of the Relationship Between Productivity, Saving and the Current Account |
| title_exact_search_txtP | A Simple Model of the Relationship Between Productivity, Saving and the Current Account |
| title_full | A Simple Model of the Relationship Between Productivity, Saving and the Current Account Jean-Marc Fournier and Isabell Koske = Un modèle simple reliant la productivité, l'épargne et la balance courante / Jean-Marc Fournier et Isabell Koske |
| title_fullStr | A Simple Model of the Relationship Between Productivity, Saving and the Current Account Jean-Marc Fournier and Isabell Koske = Un modèle simple reliant la productivité, l'épargne et la balance courante / Jean-Marc Fournier et Isabell Koske |
| title_full_unstemmed | A Simple Model of the Relationship Between Productivity, Saving and the Current Account Jean-Marc Fournier and Isabell Koske = Un modèle simple reliant la productivité, l'épargne et la balance courante / Jean-Marc Fournier et Isabell Koske |
| title_short | A Simple Model of the Relationship Between Productivity, Saving and the Current Account |
| title_sort | a simple model of the relationship between productivity saving and the current account |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5km398t8tqkf-en |
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