How well can the New Open Economy Macroeconomics explain the exchange rate and current account?

This paper advances the New Open Economy Macroeconomic literature in an empirical direction, estimating and testing a two-country model. Fit to U.S. and G7 data, the model performs moderately well for the exchange rate and current account. Results offer guidance for future theoretical work. Paramete...

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Veröffentlicht in:	Journal of international money and finance 2006-08, Vol.25 (5), p.675-701
1. Verfasser:	Bergin, Paul R.
Format:	Artikel
Sprache:	eng
Schlagworte:	Current account Current accounts Economic models Empirical tests Estimation Exchange rates Foreign exchange rates G-7 Interest rate parity Interest rate parity theorem Interest rates International finance International monetary economics Macroeconomics Model testing New Open Economy Macroeconomics Open economies Parameter estimation Studies
Online-Zugang:	Volltext
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