Khang, Chulsoon - In: Journal of Macroeconomics 13 (1991) 4, pp. 597-618
Recent experience in Western economies, particularly in the U.S., points to the fact that, though there is a great deal of fluctuation in exchange rates, the trade balance response to changes in exchange rates is rather small, at least in the short-run. An attempt has been made in this paper to...
