International Trade and the Business Cycle

International Trade and the Business Cycle
This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by different shocks and attempts to reconcile these... READ MORE...

Publication date: April 1999
ISBN 9781451847680
$15.00

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