Targeting the Real Exchange Rate : Theory and Evidence

Theory and Evidence

Targeting the Real Exchange Rate : Theory and Evidence
This paper presents a theoretical and empirical analysis of policies aimed at setting a more depreciated level of the real exchange rate. An intertemporal optimizing model suggests that, in the absence of changes in fiscal policy, a more depreciated level of the real exchange can only be attained temporarily. This can be achieved by means of... READ MORE...

Publication date: February 1994
ISBN 9781451921212
$15.00

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