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Distribution of Export Price Risk in a Developing Country

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  • Bourguignon, François
  • Lambert, Sylvie
  • Suwa Eisenmann, Akiko

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 Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1482.

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Date of creation: Sep 1996
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Handle: RePEc:cpr:ceprdp:1482

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Keywords: Computable General Equilibrium Models; Distribution of Risk; International Trade;

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Cited by:
  1. repec:idb:brikps:29338 is not listed on IDEAS
  2. Dani Rodrik, 1997. "What Drives Public Employment?," NBER Working Papers 6141, National Bureau of Economic Research, Inc.
  3. repec:idb:brikps:29898 is not listed on IDEAS

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