01519cas a2200241 a 4500 AALejournalIMF010009 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451955378 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Current Account Dynamics : The Role of Real Shocks. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper demonstrates how a full-blown optimizing model of the dynamics of the current account can be reduced to a small-scale collection of reduced-form relations capable of implementing a rich set of macro-economic simulations. Emphasizing the role of shocks to productivity, labor employment, world rate of interest, and tax revenues the analysis can account for movements in trade imbalances, and the decline in private saving and investment observed recently in developed open economies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/080 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/080/001.1989.issue-080-en.xml IMF e-Library