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Currency union and real exchange rate behaviorCurrency union and real exchange rate behavior
(Revista Momento Económico, 2009)
The determination of the exchange rate: a new-developmental approach
This paper discusses the long-term determination of the exchange rate, given that it may remain depreciated or overvalued for some time. It defines the equilibrium exchange rate and the competitive exchange rate; the latter ...
The industrial equilibrium exchange rate in Brazil: an estimation
(2012)
This paper presents a methodology for calculating the industrial equilibrium exchange rate, which is defined as the one enabling exporters of state-of-the-art manufactured goods to be competitive abroad. The first section ...
External Shocks and Monetary Policy: Does it Pay to Respond to Exchange Rate Deviations?
(ILADES - Universidad Alberto Hurtado., 2009)
The Real Plan: Stabilization and destabilization
(2000-01-01)
The paper analyzes Brazil's Real Plan, an exchange-rate based stabilization program, implemented in 1994, which mixed a spectacular price stabilization with some serious macroeconomic destabilization. The paper focuses on ...
Financing fiscal deficits. Intertemporal approach under different exchange rate regimes
(2017-11)
Financing fiscal deficits implies different effects on economic variables, particularly depending on the instrument used to fund those deficits. If these economic measures do not generate impacts on welfare, they would not ...
Exchange rate dynamics in Brazil
(2010-06-16)
The paper aims to investigate on empirical and theoretical grounds the Brazilian exchange rate dynamics under floating exchange rates. The empirical analysis examines the short and long term behavior of the exchange rate, ...