Terms-of-Trade Cycles and External Adjustment

We study the process of external adjustment to large terms-of-trade level shifts-identified with a Markov-switching approach-for a large set of countries during the period 1960-2015. We find that adjustment to these shocks is relatively fast. Current accounts experience, on average, a contemporaneou...

Full description

Bibliographic Details
Main Authors: Adler, Gustavo, Adler, Gustavo, 1974- (Author), Magud, Nicolas E. (Author), Werner, Alejandro M. (Author)
Other Authors: Magud, Nicolas E, Magud, Nicolas, Werner, Alejandro M, Werner, Alejandro
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017
Washington, D.C. : 2017
Series:IMF Working Papers
IMF Working Papers; Working Paper ; No. 2017/029
IMF eLibrary
IMF working paper ; WP/17/29
Subjects:

Internet

This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.

Stanford University

Holdings details from Stanford University
Call Number: INTERNET RESOURCE