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Shock regional y devaluación compensatoria: un enfoque de equilibrio general con tres bienes

Author

Listed:
  • Daniel Dominioni

    (Banco Central del Uruguay)

  • José Antonio Licandro

    (Banco Central del Uruguay)

Abstract

The purpouse of this paper is to evaluate, in a framework of a three-goods model ( international tradables, regional tradables and nontradables) the effects of a devaluation that aims to achieve a goal of real exchange rate in response to an external shock. The main conclusion is that the most probable outcome of that kind of policy is an increase in the rate of inflation.

Suggested Citation

  • Daniel Dominioni & José Antonio Licandro, 1996. "Shock regional y devaluación compensatoria: un enfoque de equilibrio general con tres bienes," Documentos de trabajo 1996005, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:1996005
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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/5.1996.pdf
    File Function: First version, 1996
    Download Restriction: no
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