Terms of Trade Shocks and Monetary Policy in India
نویسندگان
چکیده
منابع مشابه
Trade, Unemployment, and Monetary Policy
We study the effects of trade integration for the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. The model reproduces important empirical regularities related to international trade, namely synchronization of business cycles across trading partners and reallocation of market shares across producers. Three key re...
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The depth and duration of the 2007–09 recession serves as a powerful reminder of the real consequences of financial shocks. Although channels through which disruptions in financial markets can affect economic activity are relatively well understood from a theoretical perspective, assessing their quantitative implications for the real economy remains a considerable challenge. This paper examines...
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__________________________________________________________________ International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a change in the terms of trade acts a...
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The effects of monetary policy shocks on trade balance (in volume, unit value, and total nominal value) are examined in France, Italy, and the UK using VAR models. The results are consistent with the expenditureswitching effect, but there is little evidence of the J-curve effect. 2001 Elsevier Science B.V. All rights reserved.
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ژورنال
عنوان ژورنال: Computational Economics
سال: 2016
ISSN: 0927-7099,1572-9974
DOI: 10.1007/s10614-016-9630-z