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Real Exchange Rate Policies for Economic Development

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NBER2017-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23868
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This paper analyzes the role of real exchange rate (RER) policies in promoting economic development. Markets provide a suboptimal amount of investment in sectors characterized by learning spillovers. We show that a stable and competitive RER policy may correct for this externality and other related
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2017-10-01
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