Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46742
Authors: 
Dick, Hermann
Gupta, Sanjeev
Mayer, Thomas
Vincent, David P.
Year of Publication: 
1982
Series/Report no.: 
Kiel Working Paper 155
Abstract: 
Computable general equilibrium models are used to study the short-run impact of fluctuating primary commodity prices on the economies of Colombia, Ivory Coast and Kenya. The results indicate that these economies are destabilized by primary commodity price fluctuations unless governments act to hold real domestic absorption constant. To achieve this, however, would require foreign exchange reserves in excess of the level normally available to these governments for the purpose of stabilising, domestic economic activity.
Document Type: 
Working Paper

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