Publication: The Real Exchange Rate and Economic Growth
Date
2008
ISSN
Published
2008
Author(s)
Eichengreen, Barry
Abstract
The real exchange rate was not at the
center of the first generation of neoclassical growth
models, nor was it prominent among the policy prescriptions
that flowed from those models. Recent analyses, in contrast,
have paid it more attention. This paper analyzes the role of
the real exchange rate in the growth process, the channels
through which the real exchange rate influences other
variables, and policies useful (and not useful) for
governing the real rate. An appendix provides econometric
evidence supportive of the emphases in the text.
Citation
“Eichengreen, Barry. 2008. The Real Exchange Rate and Economic Growth. Commission on Growth and Development Working Paper;No. 4. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/28013 License: CC BY 3.0 IGO.”