Global shocks and trade response - terms of trade, J-curve and the Marshall-Lerner condition: evidence from Brazil
The traditional terms of trade (TOT) shock analysis may be an unrealistic experiment, especially for a small open economy where the state of the world economy endogenously determines TOT. The dynamic relation between TOT and the trade balance needs to consider the nature of the global shock that jo...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade de São Paulo (USP)
2024-09-01
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| Series: | Estudos Econômicos |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ee/article/view/215970 |
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