Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004
consumer prices and lower the impact of terms-of-trade changes on optimal agentsu0092 decisions.
Two very different patterns of … with a strengthening, the other with a deterioration of the terms of trade and real exchange rate. Evidence on the effect … transmission pattern, questioning the presumption that terms-of-trade movements foster international risk-pooling. …