The real exchange rate and the output response in four EU accession countries
نویسندگان
چکیده
منابع مشابه
The Real Exchange Rate and the Output Response in Four EU Accession Countries
This paper estimates the response of output to changes in the real exchange rate in four transitional economies. The theoretical effect is ambiguous since the demand-side effect works against the supply-side effect. On the demand-side, a depreciation of the real exchange rate should improve competitiveness and enhance the demand for output, whereas the supply-side effect suggests that output ma...
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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: Emerging Markets Review
سال: 2001
ISSN: 1566-0141
DOI: 10.1016/s1566-0141(01)00027-9