Are Shocks to the Terms of Trade Shocks to Productivity?
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International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a
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美国国家经济研究局创建时间：
2007-05-01
