Real Exchange Rates and Commodity Prices in Neoclassical Model.
This paper presents a neoclassical model that explains the observed empirical relationship between government spending and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and increasing world commodity supplies simultaneously lead to a...
| Institution som forfatter: | |
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1988/055 |
| Online adgang: | Full text available on IMF |