P. R. Agénor and . Bismut, « Pourquoi la France accumule-t-elle des surplus de balance courante ? », Revue Française d'Économie, 14, juin, pp.61-105, 1999.

P. R. Agénor, C. Bismut, P. Cashin, and &. J. Mc-dermott, Consumption smoothing and the current account: evidence for France, 1970???1996, Journal of International Money and Finance, vol.18, issue.1, pp.1-12, 1970.
DOI : 10.1016/S0261-5606(98)00043-6

P. C. Cashin and . Mc-dermott, Terms of Trade Shocks and the Current Account, IMF Working Paper, 1998.

T. F. Cooley and . Ogaki, A time series analysis of real wages, consumption and asset returns, Journal of Applied Econometrics, vol.6, issue.2, pp.119-153, 1996.
DOI : 10.1086/298195

M. Gavin, Structural adjustment to a terms of trade disturbance, Journal of International Economics, vol.28, issue.3-4, pp.217-260, 1990.
DOI : 10.1016/0022-1996(90)90002-4

A. R. Gosh, « International Capital Mobility Amongst the Major Industrialized Countries: Too Little or Too Much?, Economic Journal, n° 105, pp.107-135, 1995.

J. D. Hamilton, Time Series Analysis, 1994.

L. P. Hansen, « Large Sample Properties of Generalised Method of Moments Estimators, Econometrica, vol.50, pp.47-60, 1982.

M. Obstfeld, International Macroeconomics: Beyond the Mundell-Fleming Model, 2000.
DOI : 10.3386/w8369

URL : http://emlab.berkeley.edu/users/obstfeld/ftp/mundell-fleming/mundell-fleming.pdf

M. &. Obstfeld and . Rogoff, Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?, The Quarterly Journal of Economics, vol.97, issue.2, pp.251-70, 1982.
DOI : 10.2307/1880757

M. Ogaki, « Generalized Method of Moments: Econometric Applications », dans Handbook of Statistics, pp.445-488, 1993.

M. &. Ogaki and . Reinhardt, Measuring Intertemporal Substitution: The Role of Durable Goods, Journal of Political Economy, vol.106, issue.5, pp.1078-98, 1998.
DOI : 10.1086/250040

J. D. Ostry, The Balance of Trade, Terms of Trade, and Real Exchange Rate: An Intertemporal Optimizing Framework, Staff Papers - International Monetary Fund, vol.35, issue.4, pp.541-73, 1988.
DOI : 10.2307/3867110

J. D. Ostry and . Reinhardt, Private Saving and Terms of Trade Shocks: Evidence from Developing Countries, Staff Papers - International Monetary Fund, vol.39, issue.3, pp.495-517, 1992.
DOI : 10.2307/3867471

J. H. Stock and . Watson, A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems, Econometrica, vol.61, issue.4, pp.61-783, 1993.
DOI : 10.2307/2951763