The cost of adjustment: On comovement between the trade balance and the terms of trade

Alexandre Dmitriev, Ivan Roberts

    Research output: Contribution to journalArticle

    Abstract

    The S-shaped cross-correlation function between the trade balance and the terms of trade has been documented for several countries and time frames. The ability of two-country, two-good business cycle models to reproduce this regularity hinges on the dynam
    Original languageEnglish
    Pages (from-to)689-700
    JournalEconomic Modelling
    Volume35
    DOIs
    Publication statusPublished - 2013

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