Large current account deficits and neglected vulnerabilities

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Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset...

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Detalles Bibliográficos
Autor principal: Aromí, José Daniel
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2018
Materias:
Ciencias Económicas
current account
deficits
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/169436
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-169436
record_format dspace
spelling I19-R120-10915-1694362024-09-02T20:01:55Z http://sedici.unlp.edu.ar/handle/10915/169436 Large current account deficits and neglected vulnerabilities Aromí, José Daniel 2018-11 2018 2024-09-02T17:34:14Z en Ciencias Económicas current account deficits Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
current account
deficits
spellingShingle Ciencias Económicas
current account
deficits
Aromí, José Daniel
Large current account deficits and neglected vulnerabilities
topic_facet Ciencias Económicas
current account
deficits
description Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies.
format Objeto de conferencia
Objeto de conferencia
author Aromí, José Daniel
author_facet Aromí, José Daniel
author_sort Aromí, José Daniel
title Large current account deficits and neglected vulnerabilities
title_short Large current account deficits and neglected vulnerabilities
title_full Large current account deficits and neglected vulnerabilities
title_fullStr Large current account deficits and neglected vulnerabilities
title_full_unstemmed Large current account deficits and neglected vulnerabilities
title_sort large current account deficits and neglected vulnerabilities
publishDate 2018
url http://sedici.unlp.edu.ar/handle/10915/169436
work_keys_str_mv AT aromijosedaniel largecurrentaccountdeficitsandneglectedvulnerabilities
_version_ 1809234772582465536

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