The Marshall Lerner Condition and Money Demand: A Note
نویسندگان
چکیده
What are the respective effects of a unit increase in money demand on real exchange rate and current account, all else equal? The is known to appreciate, but account need not deteriorate, as canonical Marshall Lerner condition instead seems suggest. As this work presents, deteriorates by virtue appreciation due fall supply, equal, vice versa; it further specifies that improves rise demand, versa.
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ژورنال
عنوان ژورنال: Theoretical and Practical Research in Economic Fields
سال: 2022
ISSN: ['2068-7710']
DOI: https://doi.org/10.14505/tpref.v13.1(25).08