| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1080 |
| DP1080 A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies | |
| Elhanan Helpman; Manuel Trajtenberg | |
| 发表日期 | 1994-12-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | The impact of exchange rate fluctuations on international trade has long been a major concern for policy-makers. This is particularly the case in Europe, where countries trade extensively with each other. The crisis that began in the Summer of 1992 generated increased exchange rate fluctuations and, therefore, renewed concerns about consequences for trade inside the European Union. This report assesses the likely impact of the exchange rate crisis on trade flows inside and outside the Union. The analysis indicates the need to distinguish between short-term oscillations (i.e. volatility) and medium-term fluctuations (i.e. misalignment). We find that the recent ERM crisis is likely to have had some negative impact on trade within the region, but this impact is probably quite small. |
| 主题 | International Macroeconomics |
| 关键词 | Ems Exchange rates Misalignments Trade Volatility |
| URL | https://cepr.org/publications/dp1080 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530225 |
| 推荐引用方式 GB/T 7714 | Elhanan Helpman,Manuel Trajtenberg. DP1080 A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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