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150128 ||| eng |
020 |
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|a 9781451847680
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100 |
1 |
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|a Prasad, Eswar
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245 |
0 |
0 |
|a International Trade and the Business Cycle
|c Eswar Prasad
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1999
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300 |
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|a 25 pages
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651 |
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4 |
|a United States
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653 |
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|a Economic theory & philosophy
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653 |
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|a Supply and demand
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653 |
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|a International economics
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653 |
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|a Prices
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653 |
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|a Trade balance
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653 |
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|a Economic Theory
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653 |
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|a Foreign Exchange
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653 |
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|a Economic growth
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653 |
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|a International trade
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653 |
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|a Macroeconomics
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653 |
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|a Agriculture: Aggregate Supply and Demand Analysis
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653 |
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|a Business Fluctuations
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653 |
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|a Balance of trade
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653 |
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|a Exchange rates
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653 |
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|a Cycles
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653 |
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|a Exports and Imports
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653 |
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|a Real exchange rates
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653 |
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|a Economic theory
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653 |
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|a Foreign exchange
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653 |
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|a Empirical Studies of Trade
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653 |
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|a Currency
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653 |
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|a Open Economy Macroeconomics
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653 |
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|a Business cycles
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653 |
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|a Supply shocks
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653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451847680.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1999/056/001.1999.issue-056-en.xml?cid=2988-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by different shocks and attempts to reconcile these results with unconditional correlations found in the data. The results suggest that, in the post-Bretton Woods period, nominal shocks have been an important determinant of the forecast error variance for fluctuations in the trade balances of the Group of Seven countries
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