The Real Exchange Rate as a Target of Macroeconomic Policy

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Fil: Frenkel, Roberto. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina

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Autores principales: Frenkel, Roberto, Rapetti, Martín
Formato: Parte de Libro acceptedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ Parte de libro
Lenguaje:Inglés
Publicado: UNCTAD 2021
Materias:
Desarrollo Económico
Economía
Acceso en línea:https://unctad.org/webflyer/rethinking-development-strategies-after-financial-crisis
http://repositorio.cedes.org/handle/123456789/4634
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Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad de Centro de Estudios de Estado y Sociedad (CEDES)
id I61-R167-123456789-4634
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spelling I61-R167-123456789-46342025-04-12T15:45:58Z The Real Exchange Rate as a Target of Macroeconomic Policy Frenkel, Roberto Rapetti, Martín Desarrollo Económico Economía Fil: Frenkel, Roberto. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina In recent years, several authors have argued that developing countries should aim to target a stable and competitive real exchange rate (SCRER) to foster economic growth. A growing body of empirical research gives support to this claim. Although more theoretical work is needed, some ideas from development theory can help to explain the empirical findings. For instance, if modern tradable activities display some form of increasing returns to scale, market forces alone would deliver a set of relative prices to render capital accumulation in these activities suboptimal. This chapter supports the view that developing countries could target SCRER as part of a development strategy that promotes the expansion of modern tradable activities. We review the empirical findings, discuss the channels through which a SCRER can stimulate economic growth and describe the policies needed to pursue a strategy based on a SCRER. 2021-07-05T20:02:39Z 2021-07-05T20:02:39Z 2015 Parte de Libro info:eu-repo/semantics/acceptedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/bookPart info:ar-repo/semantics/parte de libro 9789211128949 https://unctad.org/webflyer/rethinking-development-strategies-after-financial-crisis http://repositorio.cedes.org/handle/123456789/4634 eng Licencia Creative Commons Atribución-Sin Derivados 4.0 Internacional (CC BY-ND 4.0) info:eu-repo/semantics/openAccess application/pdf UNCTAD Rethinking Development Strategies after the Financial Crisis
institution Centro de Estudios de Estado y Sociedad (CEDES)
institution_str I-61
repository_str R-167
collection Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad
language Inglés
topic Desarrollo Económico
Economía
spellingShingle Desarrollo Económico
Economía
Frenkel, Roberto
Rapetti, Martín
The Real Exchange Rate as a Target of Macroeconomic Policy
topic_facet Desarrollo Económico
Economía
description Fil: Frenkel, Roberto. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina
format Parte de Libro
acceptedVersion
https://creativecommons.org/licenses/by-nc-nd/4.0/
Parte de libro
Parte de libro
author Frenkel, Roberto
Rapetti, Martín
author_facet Frenkel, Roberto
Rapetti, Martín
author_sort Frenkel, Roberto
title The Real Exchange Rate as a Target of Macroeconomic Policy
title_short The Real Exchange Rate as a Target of Macroeconomic Policy
title_full The Real Exchange Rate as a Target of Macroeconomic Policy
title_fullStr The Real Exchange Rate as a Target of Macroeconomic Policy
title_full_unstemmed The Real Exchange Rate as a Target of Macroeconomic Policy
title_sort real exchange rate as a target of macroeconomic policy
publisher UNCTAD
publishDate 2021
url https://unctad.org/webflyer/rethinking-development-strategies-after-financial-crisis
http://repositorio.cedes.org/handle/123456789/4634
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AT rapettimartin therealexchangerateasatargetofmacroeconomicpolicy
AT frenkelroberto realexchangerateasatargetofmacroeconomicpolicy
AT rapettimartin realexchangerateasatargetofmacroeconomicpolicy
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