The Distributional Consequences of Real Exchange Rate Adjustment /

The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less extreme pr...

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Xehetasun bibliografikoak
Egile nagusia: Klyuev, Vladimir
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2003.
Saila:IMF Working Papers; Working Paper ; No. 2003/133
Sarrera elektronikoa:Full text available on IMF