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Cover Art
E-RESOURCE
Author Klyuev, Vladimir.

Title The Distributional Consequences of Real Exchange Rate Adjustment [electronic resource] / Vladimir Klyuev.

Published Washington, D.C. : International Monetary Fund, 2003.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 1 online resource (35 p.)
Series IMF Working Papers; Working Paper ; No. 03/133
IMF Working Papers; Working Paper ; No. 03/133
Summary The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less extreme preferences, a model is presented where appreciation would depress economic activity, while a large depreciation would hit the tradable sector by limiting the availability of labor, offsetting the favorable price effect. The model is in the spirit of the dependent economy model, but built on explicit microfoundations. The results can be used to analyze political economy aspects of macroeconomic adjustment.
Notes Description based on print version record.
Other author Klyuev, Vladimir.
Subject Capitalist Systems: Political Economy
Exchange Rate
Open Economy Macroeconomics
Real Exchange Rate
Wage Rate
Wage
ISBN 1451855516 : 15.00 USD
9781451855517
ISSN 1018-5941
Standard Number 10.5089/9781451855517.001