The Response of the Current Account to Terms of Trade Shocks : Persistence Matters /

Is the relationship between the current account balance and the terms of trade affected by the persistence of terms of trade shocks? In intertemporal models of the current account that incorporate a consumption-smoothing and an investment response to shocks, the effect of the terms of trade on exter...

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Autor principal: Cashin, Paul
Altres autors: Kent, Christopher
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2003.
Col·lecció:IMF Working Papers; Working Paper ; No. 2003/143
Accés en línia:Full text available on IMF