01774cas a2200253 a 4500 AALejournalIMF002900 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852318 1018-5941 BD-DhAAL BD-DhAAL Ostry, Jonathan. Private Saving and Terms of Trade Shocks : Evidence From Developing Countries / Jonathan Ostry, Carmen Reinhart. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (26 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 examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in response to a transitory terms of trade shock, depending on the values of the intertemporal elasticity of substitution and the intratemporal elasticity of substitution between traded and nontraded goods. Empirical estimates of these two parameters are obtained using data from a sample of 13 developing countries, and then used to draw implications for the response of private saving to transitory terms of trade shocks. Mode of access: Internet Reinhart, Carmen. IMF Working Papers; Working Paper ; No. 1991/100 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/100/001.1991.issue-100-en.xml IMF e-Library