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- W1485972912 abstract "In conventional models of the open economy, the impact on the trade balance of a change in the terms of trade depends upon whether the Marshall-Lerner condition on demand elasticities is satisfied. This paper shows that, in a model which incorporates rational savings behavior, the link between the Marshall-Lerner condition and stability may survive intact or may be severed, depending upon the precise formulation of savings behavior." @default.
- W1485972912 created "2016-06-24" @default.
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- W1485972912 date "1991-01-01" @default.
- W1485972912 modified "2023-09-27" @default.
- W1485972912 title "Terms of trade, the trade balance, and stability: the role of savings behavior" @default.
- W1485972912 hasPublicationYear "1991" @default.
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