Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - Department of Economics, European University Institute - 2006
for) the terms of trade differs across countries: while both relative prices depreciate in Italy and the UK (smaller and … however inconclusive for Germany. These findings question a common view in the literature, that a country's terms of trade … growthin the US tradable sector does not necessarily improve the US trade deficit, nor deteriorate the US terms of trade, at …