| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6697 |
| 来源ID | Working Paper 6697 |
| Oil Prices and the Terms of Trade | |
| David K. Backus; Mario J. Crucini | |
| 发表日期 | 1998-08-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | The combination of substantial terms of trade variability and unstable correlation patterns of trade prices with output and trade volumes has led some to suggest a break in the link between trade volumes and prices. We find that oil accounts for much of the variation in the terms of trade over the last twenty five years and its quantitative role varies significantly over time. And since our dynamic general equilibrium model predicts that the economy responds differently to oil supply shocks than to other shocks, changes in their relative importance help to account for the unstable correlations in the data. |
| 主题 | International Economics ; International Macroeconomics ; International Finance |
| URL | https://www.nber.org/papers/w6697 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564206 |
| 推荐引用方式 GB/T 7714 | David K. Backus,Mario J. Crucini. Oil Prices and the Terms of Trade. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6697.pdf（1361KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
