Foreign Exchange Intervention and the Dutch Disease /

We study the optimal foreign exchange (FX) intervention policy in response to a positive terms of trade shock and associated Dutch disease episode in a small open economy model. We find that during a Dutch disease episode tradable production drops below the socially optimal level, resulting in lower...

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Detaylı Bibliyografya
Yazar: Faltermeier, Julia
Diğer Yazarlar: Lama, Ruy, Medina, Juan
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2017.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2017/070
Online Erişim:Full text available on IMF