Decomposing and analysing the determinants of current accounts’ cyclicality: evidence from the Euro Area
In this paper, we decompose the current account (CA) balance in 19 Euro area countries into cyclical and non-cyclical components. For the period 1999:Q1 to 2015:Q4, we compute income elasticities of imports and of exports via an alternative novel and improved approach by running time-varying coeffic...
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| Format: | article |
| Language: | eng |
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2022
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| Online Access: | http://hdl.handle.net/10400.5/25514 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/25514 |