Gender Development Index and Gender Empowerment Measure are two gender-based indicators provided by the United Nations Development Program. Population share of the genders enter the formulation of these indicators in such a way that it favours the better performing gender. This can lead to...

In our intertemporal optimizing model the equilibrium real exchange rate is determined by a sustainable balancing of the current and capital accounts of the balance of payments. Under perfect global capital mobility and managed exchange rate, a rise in expected depreciation of the exchange rate...