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Discussion Paper Details

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Title: Distribution of Export Price Risk in a Developing Country

Author(s): François Bourguignon, Sylvie Lambert and Akiko Suwa Eisenmann

Publication Date: September 1996

Keyword(s): Computable General Equilibrium Models, Distribution of Risk and International Trade

Programme Area(s): International Trade and Regional Economics

Abstract: We address the issue of social distribution of an aggregate risk (on agricultural export price), from a macroeconomic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general equilibrium model of an archetype developing economy. The statistical properties of the resulting distribution of individual incomes are then examined. We consider a mapping of different policies on agricultural prices (stabilization or complete pass-through), monetary rules (accommodating or not) and exchange rate regimes (fixed versus flexible).

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Bibliographic Reference

Bourguignon, F, Lambert, S and Suwa Eisenmann, A. 1996. 'Distribution of Export Price Risk in a Developing Country'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1482