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- W3121824575 abstract "The paper discusses real exchange rate issues of industrial and of developing countries. For real exchange rates among the key industrial countries we ask what is the best conceptual framework. To shed light on this question we look at alternative theoretical approaches and at empirical evidence on the relation among interest rates, expectations and depreciation. The discussion of developing countries' real exchange rates focuses on the link between real exchange rates, real wages and the profitability of capital. The model highlights the discrepancy between the mobility of capital (including, in the long run physical capital) and" @default.
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- W3121824575 date "1988-11-01" @default.
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- W3121824575 title "Real Exchange Rates and Macroeconomics: A Selective Survey" @default.
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- W3121824575 doi "https://doi.org/10.3386/w2775" @default.
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