Alessandria, George; Pratap, Sangeeta; Yue, Vivian - Hong Kong Institute for Monetary Research (HKIMR), … - 2013
This paper studies export dynamics in emerging markets following large devaluations. We document two main features of … can capture the salient features of export dynamics documented. At the aggregate level, the features giving rise to … sluggish export dynamics leading to more gradual net export dynamics, sharper contractions in output, and endogenous declines …