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- W1906648597 abstract "In this policy brief, we review the problem of a lack of competitiveness and the policy options to improve competitiveness and hence promote economic growth. Inadequate competitiveness can be measured as a sustained current account deficit of the balance of payments. We discuss the advantages and disadvantages of three devaluation policy options: an external devaluation, an internal devaluation, and a fiscal devaluation. We conclude that the latest fashionable option, fiscal devaluation, offers gain with no pain but detailed country-specific simulations are needed to determine which option is the better one." @default.
- W1906648597 created "2016-06-24" @default.
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- W1906648597 date "2013-10-31" @default.
- W1906648597 modified "2023-09-27" @default.
- W1906648597 title "The Question is Not Whether To Devalue or Not to Devalue? But Rather What to Devalue?" @default.
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