Targeting the Real Exchange Rate is popular PDF and ePub book, written by Mr.Guillermo Calvo in 1994-02-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Targeting the Real Exchange Rate can be Read Online from any device for your convenience.
Targeting the Real Exchange Rate Book PDF Summary
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 higher inflation and/or higher real interest rates, depending on the degree of capital mobility. Evidence for Brazil, Chile, and Colombia supports the model’s prediction that undervalued real exchange rates are associated with higher inflation.
Detail Book of Targeting the Real Exchange Rate PDF
- Author : Mr.Guillermo Calvo
- Release : 01 February 1994
- Publisher : International Monetary Fund
- ISBN : 9781451921212
- Genre : Business & Economics
- Total Page : 50 pages
- Language : English
- PDF File Size : 19,7 Mb
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