Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy
Autor(a) principal: | |
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Data de Publicação: | 1990 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/22580 |
Resumo: | This paper deals with the long run consequences of productivity and rate of time preferences changes on a small open economy with an empphasis ipon the dynamics of consumption, physical capital, the current account an the real exchange rate. The economic structure and the questions to be answered are the same as in the FEREX (fundamental equilibrium real exchange rate) model of ALLEN (1989) and STEIN (1989) However, in the contrast with these studies, the main macroeconomic functions are derived from an explicit enunciation and solution of the (continuous time) intertemporal optimization problems assumed to be the foundations of the behavioral functions attributable to the main representative agents, in a context of perfect foresight. |
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Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economySmall Open EconomyReal Exchange RateDynamic EconomyEconometric ModelThis paper deals with the long run consequences of productivity and rate of time preferences changes on a small open economy with an empphasis ipon the dynamics of consumption, physical capital, the current account an the real exchange rate. The economic structure and the questions to be answered are the same as in the FEREX (fundamental equilibrium real exchange rate) model of ALLEN (1989) and STEIN (1989) However, in the contrast with these studies, the main macroeconomic functions are derived from an explicit enunciation and solution of the (continuous time) intertemporal optimization problems assumed to be the foundations of the behavioral functions attributable to the main representative agents, in a context of perfect foresight.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaBrito, Paulo2021-11-29T12:05:57Z19901990-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/22580engBrito, Paulo. 1990. "Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy". Instituto Superior de Economia e Gestão. DE Working papers nº 1-1990/DEinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:06Zoai:www.repository.utl.pt:10400.5/22580Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:06:58.517774Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
title |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
spellingShingle |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy Brito, Paulo Small Open Economy Real Exchange Rate Dynamic Economy Econometric Model |
title_short |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
title_full |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
title_fullStr |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
title_full_unstemmed |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
title_sort |
Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy |
author |
Brito, Paulo |
author_facet |
Brito, Paulo |
author_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Brito, Paulo |
dc.subject.por.fl_str_mv |
Small Open Economy Real Exchange Rate Dynamic Economy Econometric Model |
topic |
Small Open Economy Real Exchange Rate Dynamic Economy Econometric Model |
description |
This paper deals with the long run consequences of productivity and rate of time preferences changes on a small open economy with an empphasis ipon the dynamics of consumption, physical capital, the current account an the real exchange rate. The economic structure and the questions to be answered are the same as in the FEREX (fundamental equilibrium real exchange rate) model of ALLEN (1989) and STEIN (1989) However, in the contrast with these studies, the main macroeconomic functions are derived from an explicit enunciation and solution of the (continuous time) intertemporal optimization problems assumed to be the foundations of the behavioral functions attributable to the main representative agents, in a context of perfect foresight. |
publishDate |
1990 |
dc.date.none.fl_str_mv |
1990 1990-01-01T00:00:00Z 2021-11-29T12:05:57Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/22580 |
url |
http://hdl.handle.net/10400.5/22580 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Brito, Paulo. 1990. "Real exchange rate, current account and capital accumulation in an intertemporal optimizing model of a small open economy". Instituto Superior de Economia e Gestão. DE Working papers nº 1-1990/DE |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799131162947354624 |