Commercial policy, the terms of trade and the real exchange rate revisited

The authors estimate the effects of commercial policy and changes in the external terms of trade on the real exchange rate of four Latin American economies using data on internal relative prices. They find that the greater the elasticity of the non-traded price level with respect to the price of imp...

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Veröffentlicht in:Journal of development economics
1. Verfasser: Devereux, John (VerfasserIn)
Weitere Verfasser: Connolly, Michael B. (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1996
Schlagworte:
Kaufkraftparität > Terms of Trade > Außenwirtschaftspolitik > Theorie > Lateinamerika > Außenhandelspolitik > Wechselkurs > Aufsatz in Zeitschrift
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Zusammenfassung:The authors estimate the effects of commercial policy and changes in the external terms of trade on the real exchange rate of four Latin American economies using data on internal relative prices. They find that the greater the elasticity of the non-traded price level with respect to the price of importables, the larger is the real exchange rate effect of import restriction, but the smaller is the real exchange rate effect of changes in the external terms of trade. (DSE/DÜI)
Beschreibung:Graph. Darst
ISSN:0304-3878