The cost of adjustment: On comovement between the trade balance and the terms of trade

Dmitriev, Alexandre; Roberts, Ivan

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The cost of adjustment: On comovement between the trade balance and the terms of trade

Date

2013

Authors

Dmitriev, Alexandre

Roberts, Ivan

Publisher

Butterworths

Abstract

The S-shaped cross-correlation function between the trade balance and the terms of trade has been documented for several countries and time frames. The ability of two-country, two-good business cycle models to reproduce this regularity hinges on the dynam

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http://hdl.handle.net/1885/74849

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Open Access Research

Source

Economic Modelling

Type

Journal article

DOI

10.1016/j.econmod.2013.08.027

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2037-12-31

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The cost of adjustment: On comovement between the trade balance and the terms of trade

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