Transitory Terms-of-Trade Shocks and the Current Account: The Case of Constant Time Preference
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https://www.nber.org/papers/w0834
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资源简介:
The paper uses an intertemporal perfect-foresight optimizing model to analyze the effect of transitory terms-of-trade shocks on a small open. economy's current-account and utility time profiles. An adverse terms-of-trade shift known to be temporary induces the economy to run down its stock of
提供机构:
美国国家经济研究局
创建时间:
1982-01-01



