Amano, R. and van Norden, S. (1995) "Terms of Trade and Real Exchange Rates: The Canadian Evidence" Journal of International Money and Finance, 14(1): 83-104.Amano R., van Norden S., Terms of Trade and Real Exchange Rate: The Canadian Evi- dence., Journal of International Money ...
internal rate of returnUsing the null hypothesis of cointegration, it is shown that the real exchange rate and the terms of trade of the seven major OECD countries are cointegrated in the long run. Our results also confirm the Granger proposition that there is Granger causality in at least ...
Aggregate Spending and the Terms of Trade: Is There A Laursen-Metzler Effect? Winners and losers in the commodity lottery: The impact of terms of trade growth and volatility in the Periphery 1870–1939 ‘The Impacts of Terms of Trade and Real Exchange Rate Volatility on Investment and Growth ...
We estimate the effects of commercial policy and changes in the external terms of trade on the real exchange rate for four Latin American economies using data on internal relative prices. We find that the greater the elasticity of the non-traded price level with respect to the price of importa...
The terms of trade of commodity-exporting countries are directly affected by the large-scale swings of worldwide prices. These terms of trade represent one of the key determinants of the real exchange rates of these economies. By estimating long-term equilibrium exchange rates we can gauge their...
The exchange rate appreciation occurs because the terms of trade alter the relation between the current-account balance and the real exchange rate. More specifically, improvement in the terms of trade causes an increase in the trade balance for a given RER. Therefore, to maintain the trade ...
The real exchange rate (quoted in terms of domestic currency per unit of foreign currency) is given by: An increase in the domestic price level decreases the real exchange rate because it implies an increase in the relative purchasing power of the domestic currency.【释义】真实汇率(以单位外币...
A. Imports measured in terms of domestic output will rise. B. Imports measured in terms of domestic output will fall. C. Imports measured in terms of domestic output will never be affected. D. Imports measured in terms of domestic output may rise or fall. E. Imports measured in terms of...
real exchange rate.The empirical results display:Current account,government spending have positive effects on the real exchange rate,the tradable output and terms of trade have negative impacts on the real exchange rate.Current account,government spending,the tradable output and the terms of trade can...
a신축성 좋은 상품이구여 안감 없는 상품입니다 正在翻译,请等待...[translate] aA real exchange rate is defined in terms of nominal exchange rates and price levels. 真正的交换率被定义根据名义上的汇兑率和物价水平。[translate]...