Determinants of the Equilibrium Real Exchange Rate.
This paper presents a compact derivation of the determinants of changes in the equilibrium real exchange rate (the price index of non-traded goods relative to traded goods) in a small open economy with any number of goods and factors. It is shown that the change in the real exchange rate equals a si...
| मुख्य लेखक: | |
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| स्वरूप: | Working paper |
| भाषा: | English |
| प्रकाशित: |
CEPR
1987
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