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The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis

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NBER1991-11-01 更新2025-01-04 收录
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This paper investigates the impact of change in the terms of trade on the economic performance of a small economy. Both the effects of unanticipated shocks and changes in the mean and variance of the probability distribution generating these disturbances are discussed. In all cases, the key element

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1991-11-01
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