Lee, Keun Yeong - In: East Asian Economic Review (EAER) 28 (2024) 3, pp. 277-314
This study analyzes the response of economic fundamentals to a misalignment shock of the real effective exchange rate … upward misalignment shock initially worsens the goods and services balance, but the deficit in the goods and services balance … rate misalignment shock initially reduces the GDP gap, inflation, and worsens the goods and services balance, but the …