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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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2008/036 |
| Acesso em linha: | Full text available on IMF |