Moreno, Álvaro - In: Revista de Economía Institucional 4 (2002) July-December, pp. 40-61
This article presents a model of real exchange rate using a neokeynesian approach, which is estimated with econometric … between real exchange rate and macroeconomic fundamentals. It shows that the amount of appreciation and depreciation of the … real exchange rate is determined by changes in terms of trade, openness of the economy, capital flows and acceleration of …