Distribution of Export Price Risk in a Developing Country

François J. Bourguignon, Sylvie Lambert () and Akiko Suwa Eisenmann
Authors registered in the RePEc Author Service: Akiko Suwa-Eisenmann

No 1482, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We address the issue of social distribution of an aggregate risk (on agricultural export price), from a macroeconomic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general equilibrium model of an archetype developing economy. The statistical properties of the resulting distribution of individual incomes are then examined. We consider a mapping of different policies on agricultural prices (stabilization or complete pass-through), monetary rules (accommodating or not) and exchange rate regimes (fixed versus flexible).

Keywords: Computable General Equilibrium Models; Distribution of Risk; International Trade (search for similar items in EconPapers)
JEL-codes: D39 D58 O11 (search for similar items in EconPapers)
Date: 1996-09
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Working Paper: Distribution of Export Price Risk in a Developing Country (1996)
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