On floating exchange rates, currency depreciation and effective demand: a comment
I certainly agree with the authors on the main point, which is that flexible exchange rates do not result in an automatic adjustment that brings equilibrium with full employment. What I would argue is that flexible exchange rates, however, may be more advantageous than those fixed and that the mana...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Associazione Economia civile
2012-04-01
|
Series: | PSL Quarterly Review |
Subjects: | |
Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9875 |