Inflation Targeting and Real Exchange Rates in Emerging Markets
نویسندگان
چکیده
منابع مشابه
Real Exchange Rates , Preferences , and Incomplete Markets : Evidence , 1961 - 2001
A wide range of international macroeconomic models link the real exchange rate to a ratio of marginal utilities. These include models based on non-traded goods, and those with a variety of frictions including trading costs and pricing to market. We examine this link empirically, while allowing the marginal utility of consumption to depend on government expenditure, leisure, real money balances,...
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ژورنال
عنوان ژورنال: World Development
سال: 2011
ISSN: 0305-750X
DOI: 10.1016/j.worlddev.2010.11.005