Series: IMF Working Papers
Author(s): Enrique Mendoza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 1992
Keywords: terms of trade, correlation, elasticity of substitution, standard deviation, import prices
This paper provides a numerical analysis of an intertemporal equilibrium model of a small open, barter economy that is subject to random shocks affecting endowments, the terms of trade, and the real interest rate....