Real Exchange Rate and Aggregate Demand: Empirical Evidence, 1981-2010

dc.creator	Martínez Hernández, Francisco A.
dc.creator	Sauri Alpuche, Gustavo E.
dc.date	2021
dc.date.accessioned	2023-03-16T20:28:26Z
dc.date.available	2023-03-16T20:28:26Z
dc.identifier	0185-3937
dc.identifier	https://www.redalyc.org/articulo.oa?id=41370361002
dc.identifier.uri	https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/196827
dc.description	"This paper assesses the effects of an undervalued currency upon key macroeconomic variables for different developed and developing countries. Based on a reformulation of Rodrik’s undervaluation index, our econometric GMM results suggest that an undervalued currency has been able to enhance these macroeconomic variables in the long run. Nevertheless, when we disaggregate the main components of aggregate demand for a selected set of countries, we find that an undervalued currency has expansionary and contractionary effects in the short-run upon the sectoral macroeconomic balances, the ratios of manufacturing production to GDP, industrial employment to total employment, the wage-share, and the inflation rate."
dc.format	application/pdf
dc.language	en
dc.publisher	Universidad Autónoma Metropolitana
dc.relation	http://www.redalyc.org/revista.oa?id=413
dc.rights	Análisis Económico
dc.source	Análisis Económico (México) Num.92 Vol.XXXVI
dc.subject	Economía y Finanzas
dc.subject	Undervalued currency
dc.subject	aggregate demand components
dc.title	Real Exchange Rate and Aggregate Demand: Empirical Evidence, 1981-2010
dc.type	artículo científico