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The exchange rate in Orthodox, Keynesian and New Developmentalism theoretical models: a literature review

Author

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  • Willian Capriata
  • Leonardo Flauzino de Souza

Abstract

The main purpose of this paper is to present the differences in the exchange rates in macroeconomic models from the three current theoretical views: Orthodox, Post-Keynesian and New Developmentalism. To achieve this objective, it is proposed to make a bibliographic survey of the literature on open macroeconomics and exchange rate. The main differences among these views concerns to exchange rate determination, causes of exchange rate variations and balance of payments equilibrium determination. JEL Classification: E12; E13; F41.

Suggested Citation

  • Willian Capriata & Leonardo Flauzino de Souza, 2021. "The exchange rate in Orthodox, Keynesian and New Developmentalism theoretical models: a literature review," Brazilian Journal of Political Economy, Center of Political Economy, vol. 41(2), pages 220-235.
    • Handle: RePEc:ekm:repojs:v:41:y:2021:i:2:p:220-235:id:2148
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    Citations

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    Cited by:

    1. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.

    More about this item

    Keywords

    Exchange rate; open macroeconomics; balance of payments;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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