Terms of Trade Shocks and Economic Recovery

Terms of Trade Shocks and Economic Recovery
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 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and improvements in government stability and the... READ MORE...

Publication date: February 2008
ISBN 9781451868982
$18.00

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