A Simple Model of the Relationship Between Productivity, Saving and the Current Account
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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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...
