Skip to Main Navigation

The efficacy of devaluation as a short-run policy tool (anglais)

The paper systematically examines the major devaluations of the l960-80 period to determine the influence of different policies--fiscal, credit and commercial--on the short and medium run outcome of a devaluation. An erosion index is constructed to measure the extent to which a nominal currency depreciation causes a real depreciation, and to measure the erosion of the impact effect over time. The empirical evidence strongly suggests that the real...
Voir la suite

INFORMATION

TÉLÉCHARGER

RAPPORT COMPLET

Version officielle du document (peut inclure des signatures etc…)

This document is being processed or is not available.