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 language | English |
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Pages (from-to) | 689-700 |
Journal | Economic Modelling |
Volume | 35 |
DOIs | |
Publication status | Published - 2013 |