Narrow search
Showing 1 - 10 of 2,363
Cover Image
Adjustment Patterns to Commodity Terms of Trade Shocks : The Role of Exchange Rate and International Reserves Policies
Aizenman, Joshua - 2011
We analyze the way in which Latin American countries have adjusted to commodity terms of trade (CTOT) shocks in the 1970-2007 period. Specifically, we investigate the degree to which the active management of international reserves and exchange rates impacted the transmission of international...
Persistent link: https://www.econbiz.de/10013117207
Cover Image
Liquidity and Foreign Asset Management Challenges for Latin American Countries
Aizenman, Joshua - 2014
We analyze the degree to which the growing importance of sovereign wealth funds [SWFs] and the diffusion of inflation targeting and augmented Taylor rules have impacted the post crisis adjustment of Latin American Countries (LATAM) to the challenges associated with terms of trade and financial...
Persistent link: https://www.econbiz.de/10013044618
Cover Image
Terms of Trade and Global Efficiency Effects of Free Trade Agreements, 1990-2002
Anderson, James E. - 2011
for 40 countries plus a rest-of-the-world aggregate. Some gain over 10%, some lose less than 0.2%. Overall, using a novel …
Persistent link: https://www.econbiz.de/10013125913
Cover Image
Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de …
Persistent link: https://www.econbiz.de/10012772451
Cover Image
Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration
Aizenman, Joshua - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10012779770
Cover Image
Oil Price Movements and the Global Economy : A Model-Based Assessment
Elekdag, Selim Ali - 2010
reduce taxes on labor income, showing that such a policy could increase world productive capacity while being consistent with …
Persistent link: https://www.econbiz.de/10012759537
Cover Image
Stuck on Gold : Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
Chernyshoff, Natalia - 2010
absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …
Persistent link: https://www.econbiz.de/10012761895
Cover Image
Commodity Price Volatility and World Market Integration Since 1700
Jacks, David S. - 2009
of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …
Persistent link: https://www.econbiz.de/10012764828
Cover Image
Is the WTO Passé?
Bagwell, Kyle - 2015
preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried …
Persistent link: https://www.econbiz.de/10013020207
Cover Image
The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939 : Volatility and Secular Change
Blattman, Christopher; Hwang, Jason; Williamson, Jeffrey G. - 2021
Most countries in the periphery specialized in the export of just a handful of primary products for most of their history. Some of these commodities have been more volatile than others, and those with more volatile prices have grown slowly relative both to the industrial leaders and to other...
Persistent link: https://www.econbiz.de/10013222998