The Dynamic Relationship Between the Dollar and Components of U.S. Trade

The dynamic response of the nominal trade account to changes in the value of the U.S. dollar has been posited to follow a J-curve pattern. Recent experience calls this into question. The aggregate nominal trade balance is decomposed here into four components, both prices and volumes of imports and e...

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Veröffentlicht in:	Journal of business & economic statistics 1990-07, Vol.8 (3), p.355-364
Hauptverfasser:	Koch, Paul D., Rosensweig, Jeffrey A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance of payments Balance of trade Coefficients Correlation analysis Dollar Dollar standard Economic models Economic statistics Economic theory Effects Exchange rates and trade dynamics Import prices Imports Market prices Residual cross-correlation function Series convergence Significance level Studies Time series Time series independence tests Time series models Trade U.S.A Univariate ARIMA model US exports US imports
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