Real Balances, The Exchange Rate, and Indexation: Real Variables in Disinflation
نویسندگان
چکیده
منابع مشابه
A Study of the Real Exchange Rate Behavior and its Effects on Macroeconomic Variables
In this article, real exchange rate behavior and its effects on macroeconomic variables are studied by explaining two models; impulse function and forecasting predicted error decomposition. Studies show that high artificial currency value has caused domestic and foreign accounts equilibrium disturbance and foreign income decrease due to the slackening of commercial and agricultural activities, ...
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Changes in the real exchange rate affect a country's balance of payments and international competitiveness, and its misalignment from the long-run equilibrium level usually creates imbalances in the macro economy. This is also important in countries with oil resources due to their foreign trade structure. Accordingly, due to the existence of few internal studies on the subject in selected count...
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Real exchange rate misalignment means that the real exchange rate deviates from its equilibrium level and is the cause of many domestic and global economic problems. This index is considered as an important indicator in foreign competition and in case of adopting an inappropriate exchange rate regime; it may create economic instability and affect economic performance. This issue is important in...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1988
ISSN: 0033-5533
DOI: 10.2307/1882641