Distribution of Export Price Risk in a Developing Country
AbstractWe 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 InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1482.
Date of creation: Sep 1996
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Other versions of this item:
- Bourguignon, F. & Lambert, S. & Suwa-Eisenmann, A., 1996. "Distribution of Export Price Risk in a Developing Country," DELTA Working Papers 96-11, DELTA (Ecole normale supérieure).
- D39 - Microeconomics - - Distribution - - - Other
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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