Research Discussion Paper – RDP 2009-05 Macroeconomic Volatility and Terms of Trade Shocks

Contents

• Introduction
• Literature
• Data and Methodology
• The Impact of Terms of Trade Volatility on Macroeconomic Volatility
• The Transmission of Terms of Trade Shocks
• Robustness Checks
• Conclusion
• Appendix A: Data Descriptions and Sources
• Appendix B: List of Countries
• Appendix C: Additional Results
• References