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- W1994421211 abstract "Abstract In this paper the authors have attempted to estimate the equilibrium exchange rates for the Indian economy for the period 1960–1993 using aggregative data and a producer theory approach to estimating export supply and import demand functions. The econometric study indicates that the domestic currency was highly overvalued in the mid-1960s and late 1980s thus providing some justification for the two episodes of devaluation, namely, 1965/1966 and 1991/1992. The model also indicates that devaluation has a favourable impact on employment but the magnitude of this impact is limited. On the other hand, the model indicates a strong Phillips curve type relationship between domestic prices (real wage) and the level of unemployment. (JEL: F31, F32, C32)." @default.
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- W1994421211 date "1997-03-01" @default.
- W1994421211 modified "2023-09-27" @default.
- W1994421211 title "India's rupee devaluation, trade balance and unemployment: A producer theory approach" @default.
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- W1994421211 doi "https://doi.org/10.1016/s1049-0078(97)90005-1" @default.
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