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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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.816 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 Online-Ressource (23 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5km398t8tqkf-en |
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| indexdate | 2024-11-26T14:55:54Z |
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| spelling | Fournier, Jean-Marc VerfasserIn 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 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.816 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 MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5km398t8tqkf-en 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_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 | 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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