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Political Instability and Growth : The Central African Republic

Ghura, Dhaneshwar - 2004

This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically...

Persistent link: https://www.econbiz.de/10014401350

Financial deepening, terms of trade shocks, and growth volatility in low-income countries

Kpodar, Kangni; Le Goff, Maëlan; Singh, Raju Jan - 2019

sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades … away as economies grow richer. Stock market development, by contrast, appears neither to be a shock-absorber nor a shock …

Persistent link: https://www.econbiz.de/10012009977

External imbalances in the euro area

Chen, Ruo; Milesi-Ferretti, Gian Maria; Tressel, Thierry - 2012

Persistent link: https://www.econbiz.de/10009659868

Making monetary policy more effective : the case of the Democratic Republic of the Congo

Fischer, Felix; Lundgren, Charlotte; Jahjah, Samir - 2013

Persistent link: https://www.econbiz.de/10010389952

Terms-of-trade shocks are not all alike

Di Pace, Federico; Juvenal, Luciana; Petrella, Ivan - 2020

When analyzing terms-of-trade shocks, it is implicitly assumed that the economy responds symmetrically to changes in export and import prices. Using a sample of developing countries our paper shows that this is not the case. We construct export and import price indices using commodity and...

Persistent link: https://www.econbiz.de/10012486066

Terms-of-trade cycles and external adjustment

Adler, Gustavo; Magud, Nicolas; Werner, Alejandro M. - 2017

. Current accounts experience, on average, a contemporaneous variation of only about 1\2 of the magnitude of the price shock …

Persistent link: https://www.econbiz.de/10011716584

Foreign exchange intervention and the Dutch Disease

Faltermeier, Julia; Lama C., Ruy; Medina, Juan Pablo - 2017

We study the optimal foreign exchange (FX) intervention policy in response to a positive terms of trade shock and …

Persistent link: https://www.econbiz.de/10011671116

Macroeconomic Responses to Terms-Of-Trade Shocks : A Framework for Policy Analysis for the Argentine Economy

Berkmen, Pelin - 2009

This paper presents a version of the global integrated monetary fiscal (GIMF) model adapted and calibrated to the Argentine economy. The model replicates the effect of the strong improvement in Argentina''s terms of trade stemming from higher world commodity prices as well as other key economic...

Persistent link: https://www.econbiz.de/10014402488

Terms of Trade Shocks and the Current Account

Cashin, Paul - 1998

. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either …

Persistent link: https://www.econbiz.de/10014403790

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

Cashin, Paul - 2003

that the greater (lesser) the persistence of the terms of trade shock, the more (less) the investment effect dominates the … shock …

Persistent link: https://www.econbiz.de/10014401279

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