The Dynamics of the U.S. Trade Balance and Real Exchange Rate: The J Curve and Trade Costs?
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We study how changes in trade barriers contributed to the dynamics of the US trade balance and real exchange rate since 1980 - a period when trade tripled. Using two dynamic trade models, we decompose fluctuations in the trade balance into terms related to trade integration (global and unilateral)
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美国国家经济研究局创建时间：
2019-02-01
