Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2021
consumer prices and lower the impact of terms-of-trade changes on optimal agents' decisions. Two very different patterns of the … strengthening, the other with a deterioration of the terms of trade and real exchange rate. Evidence on the effect of technology …, questioning the presumption that terms-of-trade movements foster international risk-pooling …