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Oil Prices and the Terms of Trade

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NBER1998-08-01 更新2025-01-04 收录
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The combination of substantial terms of trade variability and unstable correlation patterns of trade prices with output and trade volumes has led some to suggest a break in the link between trade volumes and prices. We find that oil accounts for much of the variation in the terms of trade over the

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1998-08-01
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