Search Results

You are looking at 1 - 10 of 97 items

  • Keyword: terms-of-trade shocks x
Clear All Modify Search
Rapid Current Account Adjustments

Rapid Current Account Adjustments »

Source: Rapid Current Account Adjustments : Are Microstates Different?

Volume/Issue: 2008/233

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870916

Keywords: Terms of trade shocks, microstates, terms of trade, trade shocks, terms of trade shock, trade shock,

We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital mar...

Terms of Trade Shocks and Economic Recovery

Terms of Trade Shocks and Economic Recovery »

Source: Terms of Trade Shocks and Economic Recovery

Volume/Issue: 2008/36

Series: IMF Working Papers

Author(s): Patrick Imam , Eleonara Granziera , and Norbert Funke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451868982

Keywords: Growth, terms of trade shocks, trade shocks, trade shock, terms of trade shock,

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. F...

Regional Economic Outlook, October 2011, Western Hemisphere
			: Shifting Winds, New Policy Challenges

Regional Economic Outlook, October 2011, Western Hemisphere : Shifting Winds, New Policy Challenges »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 November 2011

DOI: http://dx.doi.org/10.5089/9781616351304.086

ISBN: 9781616351304

Keywords: terms of trade, commodity prices, inflation, terms of trade shocks, fiscal consolidation

Despite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere caution...

What Makes Growth Sustained?

What Makes Growth Sustained? »

Source: What Makes Growth Sustained?

Volume/Issue: 2008/59

Series: IMF Working Papers

Author(s): Jonathan Ostry , Andrew Berg , and Jeronimo Zettelmeyer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869217

Keywords: Growth, Accelerations, Structural Breaks, terms of trade, inflation, terms of trade shocks, external shocks, trade shocks,

We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sam...

Foreign Reserve Adequacy in Sub-Saharan Africa

Foreign Reserve Adequacy in Sub-Saharan Africa »

Source: Foreign Reserve Adequacy in Sub-Saharan Africa

Volume/Issue: 2008/150

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870084

Keywords: Balance of Payments Crises, Terms of Trade and Aid Shocks, terms of trade, terms of trade shock, trade shock, tradable goods, terms of trade shocks,

This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particu...

Private Saving and Terms of Trade Shocks

Private Saving and Terms of Trade Shocks »

Source: Private Saving and Terms of Trade Shocks : Evidence From Developing Countries

Volume/Issue: 1991/100

Series: IMF Working Papers

Author(s): Jonathan Ostry , and Carmen Reinhart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1991

ISBN: 9781451852318

Keywords: terms of trade, terms of trade shocks, elasticity of substitution, relative price, trade shocks

This paper examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: priv...

The Response of the Current Account to Terms of Trade Shocks

The Response of the Current Account to Terms of Trade Shocks »

Source: The Response of the Current Account to Terms of Trade Shocks : Persistence Matters

Volume/Issue: 2003/143

Series: IMF Working Papers

Author(s): Paul Cashin , and Christopher Kent

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856361

Keywords: terms of trade, shock persistence, terms of trade shocks, trade shocks, trade shock, current account balance, Current accounts,

Is the relationship between the current account balance and the terms of trade affected by the persistence of terms of trade shocks? In intertemporal models of the current account that incorporate a consumption-smo...

International Reserves and Self-Insurance against External Shocks

International Reserves and Self-Insurance against External Shocks »

Source: International Reserves and Self-Insurance against External Shocks

Volume/Issue: 2008/149

Series: IMF Working Papers

Author(s): Régis Barnichon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870077

Keywords: Natural Disasters, Terms of Trade Shocks, disasters, terms of trade, trade shocks, disaster,

The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published...

Assessing Reserve Adequacy in Low-Income Countries

Assessing Reserve Adequacy in Low-Income Countries »

Series: Occasional Papers

Author(s): Valerio Crispolti , Era Dabla-Norris , Jun Kim , Kazuko Shirono , and George Tsibouris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

DOI: http://dx.doi.org/10.5089/9781616354121.084

ISBN: 9781616354121

Keywords: External shocks, reserve holdings, consumption growth, terms of trade, current account

Low-income countries routinely experience exogenous disturbances—sharp swings in the terms of trade, export demand, natural disasters, and volatile financial flows—that contribute to higher volatility...

The Balance of Trade, the Terms of Trade, and the Real Exchange Rate

The Balance of Trade, the Terms of Trade, and the Real Exchange Rate »

Source: The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework

Volume/Issue: 1988/2

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451930924

Keywords: terms of trade, terms of trade shocks, relative price, trade changes, real rate of interest

This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, a...