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Current account dynamics with rule of thumb consumers
In this paper the idea of rule of thumb consumption, in which some households do not behave according to the Permanent Income Hypothesis, is applied to a small open economy framework. A model of current account with rule of thumb individuals and habit formation is presented and estimated for five di...
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| Hlavní autor: | |
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| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Fundação Getúlio Vargas
2011-06-01
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| Edice: | Revista Brasileira de Economia |
| Témata: | |
| On-line přístup: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402011000200003&lng=en&tlng=en |
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