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...
Main Authors: | , , , |
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Other Authors: | , , , |
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
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Call Number: |
INTERNET RESOURCE |
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