Sentences with phrase «of trade shock»

When the US was hit with a negative terms of trade shock, it tried applying the usual countercyclical measures to stimulate aggregate demand — and they didn't work.

«Our empirical results suggest that local entrepreneurial activities or self - employment can also reduce adverse impacts of trade shocks, and it is advisable to better coordinate these kinds of policies in order to achieve greater policy efficiency,» the researchers said.

Probably the most famous example of a large, negative terms of trade shock is the United States after the oil price spike in 1973:

«If you want to cope with the terms of trade shock, Brexit is whatever other fantasies you have, it's a negative trade shock vis - à - vis the EU and if you want to close some of these trade deficits, the pound has to decline more against the euro,» the former member of the Bank of England said.

The complex adjustment to Canada's terms of trade shock is playing out over two tracks.

In this way, the appreciation of the exchange rate helps to offset the inflationary impulse from the terms of trade shock, and assists in maintaining inflation in line with the inflation target.