Michael U Krause
Biographic Data
| ID | 5733832 |
|---|---|
| NAME | Michael U Krause |
| GIVEN NAMES | Michael U |
| FAMILY NAME | Krause |
| SIGNATURE | KRAUSE M U |
| AFFILIATIONS | University of Cologne |
| ORCID | 0000-0001-5265-3116 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 1 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2019 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 0 |
The Expectations-driven US Current Account
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region stochastic growth model simulated using expected trend growth filtered from observed productivity. In line with the intertemporal approach to the current a…
No prominent works on this page.
The Expectations-driven US Current Account
Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region stochastic growth model simulated using expected trend growth filtered from observed productivity. In line with the intertemporal approach to the current a…
Current (fluid (1 works) · Current account (1 works) · Econometrics (1 works) · Economic Growth and Productivity (1 works) · Economics (1 works) · Exchange rate (1 works) · Global Financial Crisis and Policies (1 works) · Global Imbalances (1 works) · Growth model (1 works) · Macroeconomics (1 works)