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 te...

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Détails bibliographiques
Auteur principal: Vegh Gramont, Carlos
Autres auteurs: Calvo, Guillermo, Reinhart, Carmen
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1994.
Collection:IMF Working Papers; Working Paper ; No. 1994/022
Accès en ligne:Full text available on IMF