Alessandria, George; Pratap, Sangeeta; Yue, Vivian - Federal Reserve Board (Board of Governors of the … - 2013
We study the source and consequences of sluggish export dynamics in emerging markets following large devaluations. We … features of export dynamics, we embed a model of endogenous export participation due to sunk and per period export costs into … factor, we find the model can capture the salient features of export dynamics documented. At the aggregate level, the …