Front Matter Page
Western Hemisphere Department
Contents
I. Introduction
II. Literature Review
III. Data
IV. Model and Estimation
V. Results
VI. Robustness checks
VII. Conclusion
FIGURE
Figure 1. Impulse responses for a negative ten percent terms-of-trade shock for different exchange rate regimes.
Figure 2. Cumulative response in the fifth year of domestic demand, relative prices, and real imports to a ten percent terms-of-shock, as a function of the exchange rate regime classification.
Figure 3. Cumulative response of domestic demand, relative prices, and real imports to a ten percent terms-of-trade shock as a function of the exchange rate regime classification and short-term external debt levels.
Figure 4. Cumulative response in the fifth year of domestic demand, relative prices, and real imports to a ten percent terms-of-shock, as a function of the exchange rate regime classification and short-term external debt levels.
Figure 5. Cumulative response of domestic demand, relative prices, and real imports to a ten percent terms-of-trade shock as a function of the exchange rate regime classification and import composition.
Figure 6. Cumulative response in the fifth year of domestic demand, relative prices, and real imports to a ten percent terms-of-shock, as a function of the exchange rate regime classification and import composition.
TABLE
Table 1 Responses to a negative ten percent terms-of-trade shock for different exchange rate regimes
Table 2 Responses to a negative ten percent terms-of-trade shock, conditional on short-term external debt and exchange rate regime
Table 3 Responses to a negative ten percent terms-of-trade shock, conditional on import composition and exchange rate regime
Table A.1 Country sample