Real exchange rates and the long-run effects of aggregate demand in economies with underemployment

Successful economic development to a large extent derives from the mobilization of underemployed resources. Demand policy can play an important role. It is critical, however, to consider balance of payments constraints and to ensure an expansion of investment in the modern sector. A combination of investment promotion and exchange rate intervention may be required to achieve these goals.

MoreLess

Year of publication:	2012
Authors:	Skott, Peter ; Rapetti, Martin ; Razmi, Arslan
Publisher:	Amherst, MA : University of Massachusetts, Department of Economics
Subject:	exchange rate \| balance of payments \| economic growth \| inflation \| aggregate demand \| two-sector model

More details

Series:	Working Paper ; 2012-06
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	697261549 [GVK] hdl:10419/64147 [Handle] RePEc:ums:papers:2012-06 [RePEc]
Classification:	F43 - Economic Growth of Open Economies ; O11 - Macroeconomic Analyses of Economic Development ; O41 - One, Two, and Multisector Growth Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010287792