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: | , |
---|---|
Other Authors: | |
Format: | Article |
Language: | English |
Published: |
Palgrave Macmillan Publishers,
2015-03-11T19:28:59Z.
|
Subjects: | |
Online Access: | Get fulltext |