Bredin, Don; Cotter, John - Geary Institute, University College Dublin - 2011
We analyse the impact of volatility per se on exports for a a small open economy concentrating on Irish trade with the … UK and the US. An important element is that we take account of the time lag between the trade decision and the actual … trade or payments taking place by using a flexible lag approach. Rather than adopt a single measure of risk we also adopt a …