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Dynamics of the Trade Balance and the Terms of Trade: The S-Curve

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NBER1992-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4242
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We provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in the terms of trade, but positively correlated with past movements. We
提供机构:
美国国家经济研究局
创建时间:
1992-12-01
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