This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables i
When analyzing terms-of-trade shocks, it is implicitly assumed that the economy responds symmetrically to changes in export and import prices. Using a sample of
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
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables i
