Terms-of-Trade Cycles and External Adjustment /
We study the process of external adjustment to large terms-of-trade level shifts-identified with a Markov-switching approach-for a large set of countries during the period 1960-2015. We find that adjustment to these shocks is relatively fast. Current accounts experience, on average, a contemporaneou...
| Autor principal: | |
|---|---|
| Otros Autores: | , |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2017/029 |
| Acceso en línea: | Full text available on IMF |