Terms of Trade Shocks and Economic Recovery

This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and impr...

Full description

Bibliographic Details
Main Author: Imam, Patrick
Other Authors: Funke, Norbert, Granziera, Eleonara
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 01959nmm a2200481 u 4500
001 EB000930227
003 EBX01000000000000000723823
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451868982 
100 1 |a Imam, Patrick 
245 0 0 |a Terms of Trade Shocks and Economic Recovery  |c Patrick Imam, Eleonara Granziera, Norbert Funke 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 23 pages 
651 4 |a Saudi Arabia 
653 |a Economic policy 
653 |a Foreign Exchange 
653 |a Currency 
653 |a Terms of trade 
653 |a Nternational cooperation 
653 |a Real effective exchange rates 
653 |a Budgeting & financial management 
653 |a Exports and Imports 
653 |a Empirical Studies of Trade 
653 |a Real exchange rates 
653 |a Budget planning and preparation 
653 |a Exchange rate adjustments 
653 |a Budget Systems 
653 |a Budget 
653 |a National Budget 
653 |a Budgeting 
653 |a International economics 
653 |a Foreign exchange 
700 1 |a Funke, Norbert 
700 1 |a Granziera, Eleonara 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451868982.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2008/036/001.2008.issue-036-en.xml?cid=21666-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and improvements in government stability and the institutional environment. A timely increase in aid may also support recovery