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Robustness of Macroeconomic Indicators of Capital Mobility

The performance of macroeconomic indicators of capital mobility is examined in the context of an intertemporal equilibrium model of a small open economy. Recursive numerical solution methods are used to compute measures of consumption smoothing, savings-investment correlation, and the variability an...

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Bibliographic Details
Main Author: Mendoza, Enrique
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Working Papers
Subjects:
Business Cycles
Wealth
Economics
Investments, Foreign
Balance Of Trade
Labour
Saving
Trade Balance
Long-term Capital Movements
External Position
Exports And Imports
International Economics
National Accounts
Labor
Foreign Assets
International Trade
Labor Economics: General
Economic Growth
Consumption
Macroeconomics
Macroeconomics: Consumption
Prices, Business Fluctuations, And Cycles: General (includes Measurement And Data)
Empirical Studies Of Trade
Income Economics
International Investment
Labor Economics
Canada
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The performance of macroeconomic indicators of capital mobility is examined in the context of an intertemporal equilibrium model of a small open economy. Recursive numerical solution methods are used to compute measures of consumption smoothing, savings-investment correlation, and the variability and output-correlation of investment that characterize the model in the presence of income disturbances. None of these statistics is a reliable indicator of capital mobility unless information regarding differences in preferences, technology, and the nature of stochastic shocks can be taken into account
Physical Description:40 pages
ISBN:9781451853391

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