scholarly journals Terms-of-Trade Shocks are Not all Alike

2021 ◽  
Author(s):  
Federico Di Pace ◽  
Luciana Juvenal ◽  
Ivan Petrella
Keyword(s):  
Terms Of Trade ◽  
Trade Shocks

The Distributive Impact of Terms of Trade Shocks

2017 ◽  
Author(s):  
Maurizio Bussolo ◽  
Patrizia Luongo
Keyword(s):  
Terms Of Trade ◽  
Trade Shocks

scholarly journals Ocena efektu Harbergera-Laursena-Metzlera w polskim sektorze rolno-żywnościowym

2019 ◽  
Vol 106 (1) ◽  
pp. 36-50
Author(s):  
Jacek Strojny
Keyword(s):  
Current Account ◽  
Vector Autoregression ◽  
Value Added ◽  
Terms Of Trade ◽  
The Other ◽  
Food Sector ◽  
Exogenous Factor ◽  
Trade Shocks ◽  
Gross Value Added ◽  
The Current Account

The aim of the study was to asses the Harberger-Laursen-Metzler effect in Polish agro-food sector. The analysis covers period of 2002-2017. There was applied the vector autoregression (VAR) methodology. The outcome of the research revealed that permanent deterioration in terms of trade contributed to the current account of Polish agribusiness sector improvement. The temporary effect of terms of trade shocks was not indentified. Additionally, the research enabled recognition of gross value added (GVA) as the most exogenous factor of the VAR system. On the other hand most endogenous factor of the model is the current account. The variable permanent terms of trade is more exogenous factor than the current account.

scholarly journals Central African Economic and Monetary Community (CEMAC)

2019 ◽  
Vol 19 (383) ◽  
Author(s):  
Keyword(s):  
Public Investment ◽  
Oil Prices ◽  
Terms Of Trade ◽  
Equatorial Guinea ◽  
Structural Reforms ◽  
Fiscal Consolidation ◽  
Significant Progress ◽  
Financial Policies ◽  
Trade Shocks ◽  
Global Growth

Tighter macroeconomic and financial policies helped to avert a deeper crisis, and gross external reserves increased more rapidly in recent months, largely exceeding the mid-2019 target. However, reserves are still below the level appropriate for commodityexporting economies (5 months of imports) to absorb terms of trade shocks. Fiscal consolidation has been tilted towards cuts in public investment. This, together with a lack of significant progress in structural reforms, has weighed on growth which remains too low. The outlook for 2019 and beyond foresees further improvement in regional reserves assuming CEMAC countries remain committed to their program objectives and new programs with CAR and Equatorial Guinea could start around end-2019. This outlook is subject to potentially significant risks, including: a significant slowdown in global growth and associated decline in oil prices; a deterioration in the security situation in some countries; and weaker implementation of IMF-supported programs.

Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies

2015 ◽  
Vol 84 (1) ◽  
pp. 81-108 ◽  
Author(s):  
Seedwell Hove ◽  
Albert Touna Mama ◽  
Fulbert Tchana Tchana
Keyword(s):  
Inflation Targeting ◽  
Emerging Market ◽  
Terms Of Trade ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Trade Shocks
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