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This paper identifies factors that contribute to a fast recovery in growth after persistent...

We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of...

This paper proposes a method for assessing international spillovers from nominal demand shocks....

Is the relationship between the current account balance and the terms of trade affected by the...

This paper examines the persistence of shocks to the terms of trade, using annual data on 42...

The views expressed in this Working Paper are those of the author(s) and do not necessarily...