Targeting the Real Exchange Rate : Theory and Evidence /

This paper presents a theoretical and empirical analysis of policies aimed at setting a more depreciated level of the real exchange rate. An intertemporal optimizing model suggests that, in the absence of changes in fiscal policy, a more depreciated level of the real exchange can only be attained te...

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Bibliographic Details
Main Authors: Végh Gramont, Carlos A, Végh Gramont, Carlos A., 1958-, Végh Gramont, Carlos
Other Authors: Calvo, Guillermo, Reinhart, Carmen
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 1994
Washington, D.C. : 1994
Series:IMF Working Papers ; Working Paper No. 94/22
IMF Working Papers; Working Paper ; No. 1994/022
IMF Working Papers; Working Paper ; no. 94/22
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