I figured I would start a thread to collect interesting ones of these BoE papers as they arise from time to time:
Terms-of-trade shocks are not all alike
Published on 08 January 2021
Staff Working Paper No. 901
By Federico Di Pace, Luciana Juvenal and Ivan Petrella
When analyzing terms-of-trade shocks, it is implicitly assumed that the economy responds symmetrically to changes in export and import prices. Using a sample of developing countries our paper shows that this is not the case. etc
https://www.bankofengland.co.uk/working ... -all-alike
- dspp
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BoE papers
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