Missio, Fabrício; Jayme Jr, Frederico; Britto, Gustavo; … - Centro de Desenvolvimento e Planejamento Regional … - 2013
The goal of this paper is to empirically analyse the relationship between the real exchange rate and the growth rate of … output. Firstly, we calculate an index of real exchange rate undervaluation, following the relevant literature. Then, using … robustness of the results. The conclusions indicate that maintaining a competitive level for the real exchange rate has positive …