Opening the economy maintaining the level of employment and foreign exchange policy upside down
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...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1994 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1303 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1303 |
| Access Level: | acceso abierto |
| Palabra clave: | Liberalização abertura comercial taxa de câmbio inflação Liberalization trade opening exchange rate inflation |
| Sumario: | 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. |
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