The response of the current account to terms of trade shocks : persistence matters /
Saved in:
| Author / Creator: | Kent, Christopher J., 1967- author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, European I and Research Dept., ©2003. |
| Description: | 1 online resource (48 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper ; WP/03/143 IMF working paper ; WP/03/143. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/13510646 |
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | 13510646 | ||
| 006 | m o d | ||
| 007 | cr bn||||||abp | ||
| 007 | cr bn||||||ada | ||
| 008 | 100712s2003 dcua ob i000 0 eng d | ||
| 005 | 20240822202817.6 | ||
| 035 | |a (OCoLC)647550600 |z (OCoLC)801657709 |z (OCoLC)817795348 | ||
| 035 | 9 | |a (OCLCCM-CC)647550600 | |
| 040 | |a OCLCE |b eng |e pn |c OCLCE |d OCLCQ |d OCLCA |d OCLCQ |d OCLCO |d IDEBK |d OCLCF |d OCLCO |d OCLCQ |d CUS |d OCLCQ |d FIE |d OCLCQ |d OCLCO | ||
| 019 | |a 801657709 |a 817795348 | ||
| 020 | |a 1282014803 | ||
| 020 | |a 9781282014800 | ||
| 042 | |a dlr | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 no.03/143 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Kent, Christopher J., |d 1967- |e author. |0 http://id.loc.gov/authorities/names/n2002112870 | |
| 245 | 1 | 4 | |a The response of the current account to terms of trade shocks : |b persistence matters / |c Christopher Kent and Paul Cashin. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, European I and Research Dept., |c ©2003. | ||
| 300 | |a 1 online resource (48 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/03/143 | |
| 504 | |a Includes bibliographical references (pages 46-48). | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | 0 | |a Print version record. | |
| 520 | |a 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-smoothing and an investment response to shocks, the effect of the terms of trade on external balances is predicted to be dependent on the duration of terms of trade shocks. Using a median-unbiased estimator, an unbiased model-selection rule, and terms of trade data for 128 countries over the period 1960-99 we identify two groups of countries-those that typically experience temporary terms of trade shocks and those that typically experience permanent terms of trade shocks. The results from panel-data regressions of the two groups of countries support the theoretical predictions of the intertemporal approach to the current account. We find that the greater (lesser) the persistence of the terms of trade shock, the more (less) the investment effect dominates the consumption-smoothing effect on saving, so that the current account balance moves in the opposite (same) direction as that of the shock. | ||
| 650 | 0 | |a Balance of payments |x Econometric models. | |
| 650 | 0 | |a Terms of trade |x Econometric models. | |
| 650 | 0 | |a Prices |x Econometric models. | |
| 650 | 0 | |a International trade |x Econometric models. |0 http://id.loc.gov/authorities/subjects/sh2008104853 | |
| 650 | 6 | |a Balance des paiements |x Modèles économétriques. | |
| 650 | 6 | |a Termes de l'échange |x Modèles économétriques. | |
| 650 | 6 | |a Prix |x Modèles économétriques. | |
| 650 | 6 | |a Commerce international |x Modèles économétriques. | |
| 650 | 7 | |a Balance of payments |x Econometric models. |2 fast |0 (OCoLC)fst00825676 | |
| 650 | 7 | |a International trade |x Econometric models. |2 fast |0 (OCoLC)fst00977133 | |
| 650 | 7 | |a Prices |x Econometric models. |2 fast |0 (OCoLC)fst01076211 | |
| 650 | 7 | |a Terms of trade |x Econometric models. |2 fast |0 (OCoLC)fst01147950 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Cashin, Paul, |e author. |0 http://id.loc.gov/authorities/names/no94039435 | |
| 710 | 2 | |a International Monetary Fund. |b European I Department. |0 http://id.loc.gov/authorities/names/no92021092 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 776 | 0 | 8 | |i Print version: |a Kent, Christopher J., 1967- |t Response of the current account to terms of trade shocks. |d Washington, D.C. : International Monetary Fund, European I and Research Dept., ©2003 |w (OCoLC)52995950 |
| 830 | 0 | |a IMF working paper ; |v WP/03/143. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2003/143/001.2003.issue-143-en.xml |y INTERNATIONAL MONETARY FUND |
| 929 | |a oclccm | ||
| 999 | f | f | |i e1090aca-ed35-434f-8e48-3c34a0c5cc9a |s 3b94077e-d1c6-4a61-8d0b-4352a4823642 |
| 928 | |t Library of Congress classification |a HG3881.5.I58W67 no.03/143 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2003/143/001.2003.issue-143-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 13653464 | ||