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The Consumption Terms of Trade and Commodity Prices

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NBER2009-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15580
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The national terms of trade, defined as the ratio of an export price index to an import price index has been extensively studied empirically. In this paper we construct an alternative measure, which we call the consumption terms of trade. This measure recognizes the fact that consumers and firms
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2009-12-01
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