| Record ID | marc_loc_2016/BooksAll.2016.part35.utf8:73060141:1791 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part35.utf8:73060141:1791?format=raw |
LEADER: 01791cam a22002897a 4500
001 2007616559
003 DLC
005 20070921090159.0
007 cr |||||||||||
008 070920s2007 mau sb 000 0 eng
010 $a 2007616559
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aJu, Jiandong.
245 10 $aCurrent account adjustment$h[electronic resource] :$bsome new theory and evidence /$cJiandong Ju, Shang-Jin Wei.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2007.
490 1 $aNBER working paper series ;$vworking paper 13388
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/20/2007.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper aims to provide a theory of current account adjustment that generalizes the textbook version of the intertemporal approach to current account and places domestic labor market institutions at the center stage. In general, in response to a shock, an economy adjusts through a combination of a change in the composition of goods trade (i.e., intra-temporal trade channel) and a change in the current account (i.e., intertemporal trade channel). The more rigid the labor market, the slower the speed of adjustment of the current account towards its long-run equilibrium. Three pieces of evidence are provided that are consistent with the theory"--National Bureau of Economic Research web site.
700 1 $aJin Wei, Shang jin.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13388.
856 40 $uhttp://papers.nber.org/papers/w13388