Hove, Seedwell; Mama, Albert Touna; Tchana, Fulbert Tchana - Economic Research Southern Africa (ERSA) - 2012
commodity terms of trade shocks. It uses a panel VAR technique to analyse in a comparative framework, aggregate impulse response … functions and variance decompositions of variables to commodity terms of trade shocks. The results show that in general, IT … countries respond better to commodity terms of trade shocks especially with respect to infl‡ation and output gap. However …