01769cas a2200253 a 4500 AALejournalIMF000518 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858549 1018-5941 BD-DhAAL BD-DhAAL Prasad, Eswar. International Evidenceon the Determinants of Trade Dynamics / Eswar Prasad, Jeffery Gable. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. First, a comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants are presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries. Finally, structural vector autoregression models are used to characterize the joint dynamics of output, exchange rates, and trade variables in response to different types of macroeconomic shocks. Mode of access: Internet Gable, Jeffery. IMF Working Papers; Working Paper ; No. 1997/172 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/172/001.1997.issue-172-en.xml IMF e-Library