How Important Are Terms Of Trade Shocks?
收藏NBER2015-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21253
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资源简介：
According to conventional wisdom, terms of trade shocks represent a major source of business cycles in emerging and poor countries. This view is largely based on the analysis of calibrated business-cycle models. We argue that the view that emerges from empirical SVAR models is strikingly different.
提供机构：
美国国家经济研究局
创建时间：
2015-06-01
