Series: IMF Working Papers
Author(s): Paul Cashin , and Christopher Kent
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2003
Keywords: terms of trade, shock persistence, terms of trade shocks, trade shocks, trade shock, current account balance, Current accounts,
Is the relationship between the current account balance and the terms of trade affected by the persistence of terms of trade shocks? In intertemporal models of the current account that incorporate a consumption-smo...