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New-Structuralist Exchange-Rate Policy and the Pattern of Specialization in Latin American Countries [recurso electrónico] / Ariel Dvoskin ; Germán David Feldman ; and Guido Ianni.
Tipo de material:
ArtículoIdioma: Español Detalles de publicación: [Roma] : Centro di ricerche e documentazione Piero Sraffa, 2018.Descripción: 1 recurso en línea (28 p.)Tema(s): Recursos en línea:
En: Centro Sraffa Working Papers n. 28 (Feb. 2018) p. 1-28.
En: Metroeconómica, Vol.71, Issue1 (Feb. 2020) p. 22-48Resumen: The present article critically examines the transmission channels between the real ex-change rate and output growth adduced by the so-called New-Structuralist doctrine. It is
shown that the assumptions under which the mechanisms work are highly restrictive,
and hence, are generally inadequate to explore the problem of economic development in Latin American peripheral countries. In view of this, the potential risks associated with a policy of devaluation are warned.
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También disponible en revista: Metroeconómica, Vol.71, Issue1 (Feb. 2020) pp. 22-48.-
The present article critically examines the transmission channels between the real ex-change rate and output growth adduced by the so-called New-Structuralist doctrine. It is
shown that the assumptions under which the mechanisms work are highly restrictive,
and hence, are generally inadequate to explore the problem of economic development in Latin American peripheral countries. In view of this, the potential risks associated with a policy of devaluation are warned.
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