Terms of Trade Shocks and Economic Recovery /

This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and impr...

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Glavni avtor: Imam, Patrick
Drugi avtorji: Funke, Norbert, Granziera, Eleonara
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2008.
Serija:IMF Working Papers; Working Paper ; No. 2008/036
Online dostop:Full text available on IMF
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245 1 0 |a Terms of Trade Shocks and Economic Recovery /  |c Patrick Imam, Eleonara Granziera, Norbert Funke. 
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300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and improvements in government stability and the institutional environment. A timely increase in aid may also support recovery. 
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700 1 |a Funke, Norbert. 
700 1 |a Granziera, Eleonara. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/036 
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