Large Devaluations and the Real Exchange Rate
收藏NBER2004-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10986
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资源简介：
In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the price of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2001), Brazil (1999
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
