TY - JOUR
T1 - The terms of trade and the current account
T2 - the Harberger-Laursen- Metzler effect.
AU - Svensson, L. E.O.
AU - Razin, A.
PY - 1983
Y1 - 1983
N2 - Examines the effect of terms of trade changes on a small country's spending and current international capital mobility. A temporary (future) terms of trade determination implies a deterioration (improvement) of the trade balance, whereas a permanent terms of trade deterioration has an ambiguous effect, depending on the rate of time preference. Nominal and real variables are considered via exact price indexes. Two periods and an infinite horizon are examined.-Authors
AB - Examines the effect of terms of trade changes on a small country's spending and current international capital mobility. A temporary (future) terms of trade determination implies a deterioration (improvement) of the trade balance, whereas a permanent terms of trade deterioration has an ambiguous effect, depending on the rate of time preference. Nominal and real variables are considered via exact price indexes. Two periods and an infinite horizon are examined.-Authors
UR - http://www.scopus.com/inward/record.url?scp=0020675133&partnerID=8YFLogxK
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AN - SCOPUS:0020675133
VL - 205
SP - 97
EP - 125
JO - University of Stockholm, Institute for International Economic Studies, Reprint Series
JF - University of Stockholm, Institute for International Economic Studies, Reprint Series
ER -