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La Dinámica de Ajuste del Tipo de Cambio Real y la Tasa de Interés Real luego de una Devaluación

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Listed:
  • Guillermo Le Fort

Abstract

An economy under a fundamental disequilibrium in the balance of payments must reallocate resources to the production of internationally traded goods. The adjustment could be produced by a devaluation of the domestic currency or by a contraction in spendin

Suggested Citation

  • Guillermo Le Fort, 1986. "La Dinámica de Ajuste del Tipo de Cambio Real y la Tasa de Interés Real luego de una Devaluación," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 23(68), pages 49-68.
    • Handle: RePEc:ioe:cuadec:v:23:y:1986:i:68:p:49-68
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    References listed on IDEAS

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    1. Obstfeld, Maurice, 1982. "Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight," Econometrica, Econometric Society, vol. 50(5), pages 1219-1242, September.
    2. David Backus, 1982. "Notes on Dynamical Systems in Economics," Working Paper 501, Economics Department, Queen's University.
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    4. Mussa, Michael, 1982. "A Model of Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 90(1), pages 74-104, February.
    5. Jeffrey Sachs & Daniel Cohen, 1982. "LDC Borrowing with Default Risk," NBER Working Papers 0925, National Bureau of Economic Research, Inc.
    6. Sebastian Edwards, 1982. "Capital Account Liberalization, Interest Rates and the Real Exchange Rate," UCLA Economics Working Papers 270, UCLA Department of Economics.
    7. Bruno, Michael, 1978. "Exchange Rates, Import Costs, and Wage-Price Dynamics," Journal of Political Economy, University of Chicago Press, vol. 86(3), pages 379-403, June.
    8. Maurice Obstfeld, 1984. "Capital Flows, the Current Account, and the Real Exchange Rate: Consequences of Liberalization and Stabilization," NBER Working Papers 1526, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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