The exchange rate in Orthodox, Keynesian and New Developmentalism theoretical models: a literature review

ABSTRACT The main purpose of this paper is to present the differences in the exchange rates in macroeconomic models from the three current theoretical views: Orthodox, Post-Keynesian and New Developmentalism. To achieve this objective, it is proposed to make a bibliographic survey of the literature on open macroeconomics and exchange rate. The main differences among these views concerns to exchange rate determination, causes of exchange rate variations and balance of payments equilibrium determination.

摘要 本文的核心研究主旨在于梳理当前三大主流宏观经济理论框架——正统经济学派（Orthodox）、后凯恩斯主义（Post-Keynesian）学派与新发展主义（New Developmentalism）学派——下宏观经济模型中关于汇率的差异。为达成该研究目标，本文拟针对开放宏观经济学（open macroeconomics）与汇率领域的相关文献展开文献综述研究。三大理论框架的核心分歧集中于汇率决定机制、汇率波动成因以及国际收支均衡的决定逻辑三个维度。