2015. "How Important Are Terms of Trade Shocks?" NBER Working Paper 21253, National Bureau of Economic Research, Cam- bridge, Massachusetts.Schmitt-Grohe, E. and M. Uribe (2018). "How Important are Terms-of-Trade Shocks?" International Economic review, V, 59, 85-111....
How Important are Terms㎡f㏕rade Shocks?According to conventional wisdom, terms‐of‐trade shocks represent a major source of business cycles in emerging and poor countries. This view is lardoi:10.1111/iere.12263Schmitt-Grohé, StephanieUribe, MartínSocial Science Electronic Publishing...
certified cotton, and solar panels, and we are having some very interesting conversations with clients around transition financing. Let’s be clear: the region still depends on hydrocarbons, and these flows will continue to be very important, but corporates in MENA have realised that ESG ...
Additionally, we evaluate firms’ investment in green product development through the lens of green patents. We find that, following high census shocks, government-contract-dependent firms that increase climate disclosure are more likely to file for green patents. Although not causal, these results ...
Ford's path through the 1960s closely parallels that of rival Chevrolet. At decade's end, it was also selling only about 400,000 more cars per year than in 1960 -- despite expansion into important new markets: economy compacts, intermediates, and sportier standard-size models. Also like Ch...
2.3 Time Distance: the Influence of Public Opinion Existing studies consider that the influence of public opinion will diminish and ultimately vanish over time. Yet with different emotional shocks to the public, positive and negative public o...
Ford's path through the 1960s closely parallels that of rival Chevrolet. At decade's end, it was also selling only about 400,000 more cars per year than in 1960 -- despite expansion into important new markets: economy compacts, intermediates, and sportier standard-size models. Also like Ch...
Reasons to Trade in Sugar Traders purchase soft commodities such as sugar for many reasons, but the following are most common: Speculation Inflation and weak US dollar hedge Bet on emerging market demand growth Portfolio diversification Important: This is not investment advice.We present a number of...
All these shocks are amplifying one another, making volatility rampant. You can see it in the economic indicators, whether it’s inflation or consumer confidence hitting historic lows in parts of the world. We have seen periods of volatility in the past, but what our clients fin...
This paper presents empirical evidence suggesting that the volatility, trend-growth, and shock-duration of terms-of-trade (TOT) are important drivers of the degree and composition of international financial integration (IFI). Our results are based on a panel of 55 primary-commodity exporting countri...