Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies
NBER Working Paper No. 17692
---- Acknowledgements -----
This is a revised version of a paper presented at the JIMF 4th conference at UCSC, International Policy Implications and Lessons from the Global Financial Crisis. We thank Michael Melvin and the conference participants for their insightful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.