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Emerging economies business cycles : the role of commodity terms of trade news

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Farias, Cleyton; Silva, Marcelo - In: Economia : revista da ANPEC 24 (2023) 2, pp. 264-311

endogenous commodity production. There are five exogenous processes: a country-specific interest rate shock that responds to … commodity price fluctuations, a productivity (TFP) shock for each sector and a commodity price shock. Both TFP and commodity …

Persistent link: https://www.econbiz.de/10014418171