Construct · 1 fields · 1 citations

Harberger-Laursen-Metzler effect: a standalone construct

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Harberger-Laursen-Metzlereffect1 CONSTRUCTInternational macroeconomicsOBSTFELD · INTERNATIONAL

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International macroeconomics

the claim that a worsening of the terms of trade lowers real income and saving, so the current account deteriorates.

In international macroeconomics, Harberger-Laursen-Metzler effect refers to the claim that a worsening of the terms of trade lowers real income and saving, so the current account deteriorates. This meaning comes from Obstfeld (1982) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

current3 fields · 6 citationsjingle · one word, three constructs

References

  1. Obstfeld, M. (1982). Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect? The Quarterly Journal of Economics, 97(2), 251. https://doi.org/10.2307/1880757

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