Distribution of Export Price Risk in a Developing Country

CEPR Discussion Paper Series Number 1482

Posted: 23 Dec 1999

See all articles by Sylvie Lambert

Sylvie Lambert

University of Ottawa

Akiko Suwa-Eisenmann

L'Ecole Normale Superieure ; Paris School of Economics (PSE)

Francois Bourguignon

Paris School of Economics

Date Written: September 1996

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).

JEL Classification: D58, O11, D39

Suggested Citation

Lambert, Sylvie and Suwa-Eisenmann, Akiko and Bourguignon, Fran├žois, Distribution of Export Price Risk in a Developing Country (September 1996). CEPR Discussion Paper Series Number 1482. Available at SSRN: https://ssrn.com/abstract=5170

Sylvie Lambert (Contact Author)

University of Ottawa ( email )

2292 Edwin Crescent
Ottawa, Ontario K1N 6N5 K2C 1H7
Canada

Akiko Suwa-Eisenmann

L'Ecole Normale Superieure ( email )

48 boulevard Jourdan
75014 Paris
France
+33 1 4313 6325 (Phone)
+33 1 4313 6362 (Fax)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Fran├žois Bourguignon

Paris School of Economics ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

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