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The present-value model of the current account has been rejected: Round up the usual suspects

James M. Nason, John H. Rogers

Journal of International Economics · 2005 · 189 citations · 44 references

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References

44

Agency Costs, Net Worth, And Business Fluctuations

Ben Bernanke, Ben Bernanke · AgEcon Search (University of Minnesota, USA) · 1988 · 4.4K citations · Full text

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Foundations of International Macroeconomics

Richard T. Froyen, Maurice Obstfeld, Kenneth Rogoff · Southern Economic Journal · 1997 · 3.1K citations

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Uninsured Idiosyncratic Risk and Aggregate Saving

S. Rao Aiyagari · The Quarterly Journal of Economics · 1994 · 2.9K citations

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Cointegration and Tests of Present Value Models

John Y. Campbell, Robert J. Shiller · Journal of Political Economy · 1987 · 2.1K citations

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International Real Business Cycles

David Backus, Patrick J. Kehoe, Finn E. Kydland · Journal of Political Economy · 1992 · 1.7K citations

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