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Opening the economy maintaining the level of employment and foreign exchange policy upside down

Author

Listed:
  • Paulo Roberto Arvate

Abstract

The purpose of this paper is to demonstrate under which circumstances a policydesigned to open the economy may not succeed in changing employment level. This kindof circumstances happens because in this model it is considered both internal and externaldynamics to a correct arbitrage of real exchange rate. JEL Classification: F16; F13; F43.

Suggested Citation

  • Paulo Roberto Arvate, 1994. "Opening the economy maintaining the level of employment and foreign exchange policy upside down," Brazilian Journal of Political Economy, Center of Political Economy, vol. 14(4), pages 559-570.
    • Handle: RePEc:ekm:repojs:v:14:y:1994:i:4:p:559-570:id:1303
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1303/1288
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    More about this item

    Keywords

    Liberalization; trade opening; exchange rate; inflation;
    All these keywords.

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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