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

Author

Listed:
  • Willian Capriata

    (Instituto Brasileiro de Geografia e Estatística – IBGE, Cuiabá/MT, Brasil.)

  • Leonardo Flauzino de Souza

    (Faculdade de Economia – Universidade Federal de Mato Grosso – UFMT, Cuiabá/MT, Brasil.)

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, March.
    • Handle: RePEc:ekm:repojs:v:41:y:2021:i:2:id:95046
    DOI: 10.1590/0101-31572021-3126
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    Keywords

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    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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