IMF Staff papers, Volume 45 No. 3
Auteur: International Monetary Fund. Research Dept.
Nombre de pages: 168 pages
ISBN: 1451973608, 9781451973600
Edition: International Monetary Fund
Date de publication: International Monetary Fund
Description: This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.