IMF Staff papers : Volume 35 No. 4.
An intertemporal optimizing model of a small open economy is used to analyze how terms of trade changes affect real exchange rates and the trade balance. Temporary current, (expected) future, and permanent changes in the terms of trade are considered. The results suggest that the relationship betwee...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 1988/004 |
| Online Access: | Full text available on IMF |