TY - BOOK ID - 84542486 TI - Private Saving and Terms of Trade Shocks : Evidence From Developing Countries AU - Ostry, Jonathan. AU - Reinhart, Carmen. PY - 1991 SN - 1462308570 1455245488 1281601977 1455257478 9786613782663 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Exports and Imports KW - Macroeconomics KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Current Account Adjustment KW - Short-term Capital Movements KW - Open Economy Macroeconomics KW - Empirical Studies of Trade KW - Interest Rates: Determination, Term Structure, and Effects KW - Trade: General KW - International economics KW - Finance KW - Consumption KW - Terms of trade KW - Private savings KW - Real interest rates KW - Imports KW - International trade KW - National accounts KW - Financial services KW - Economics KW - Economic policy KW - nternational cooperation KW - Saving and investment KW - Interest rates KW - Costa Rica KW - Nternational cooperation UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542486 AB - This paper examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in response to a transitory terms of trade shock, depending on the values of the intertemporal elasticity of substitution and the intratemporal elasticity of substitution between traded and nontraded goods. Empirical estimates of these two parameters are obtained using data from a sample of 13 developing countries, and then used to draw implications for the response of private saving to transitory terms of trade shocks. ER -