Shocks to Terms of Trade and Risk-Premium in an Intertemporal Model: The Dutch Disease and a Dutch Party.
In this paper, we analyze the impact of terms of trade and risk-premium shocks on a small open economy in an intertemporal Dutch disease model, with international capital mobility. Given that an improvement in the terms of trade is associated with a decrease in the risk-premium on lending to this ec...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2008
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