Koren, Miklós (contributor); Tenreyro, Silvana (contributor) - 2005 - This version: December 3, 2004
departs from the portfolio view of the world that features a
necessary trade-off between volatility and performance at the … more ex-
pensive in the world market. This terms of trade improvement partly offsets
the original shock. On the other hand … open-economy context, changes in the world price of the input
or sudden disruptions of trade could also be an important …