Persistent Appreciations and Overshooting: A Normative Analysis
Most economies experience episodes of persistent real exchange rate appreciations, when the question arises whether there is a need for intervention to protect the export sector. This paper presents a model of irreversible destruction where exchange rate intervention may be justified if the export s...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Palgrave Macmillan Publishers,
2015-03-11T19:28:59Z.
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| Subjects: | |
| Online Access: | Get fulltext |