Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall

WP/13/103

Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall
We study the history of terms-of-trade booms (during 1970–2012), with a focus on Latin America, through the prisms of a simple metric that quantifies the associated income windfall. We also document saving patterns during these episodes and propose a measure of how much of the income windfall was saved. We find that Latin America's... READ MORE...

Publication date: May 2013
ISBN 9781484356241
$18.00

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Publication date: May 2013

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Publication date: May 2013

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