Do nominal devaluations lead to real devaluations in LDCs?

被引：13

作者：

Bahmani-Oskooee, M ^{[1
]}

Miteza, I ^{[1
]}

机构：

[1] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA

来源：

ECONOMICS LETTERS | 2002年 / 74卷 / 03期

关键词：

nominal devaluation; real devaluation; cointegration;

D O I：

10.1016/S0165-1765(01)00575-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Devaluation or depreciation of nominal exchange rate is a policy to boost exports. However, since any favorable effects of devaluation could be offset by its inflationary effects, one must consider real devaluation. This note investigates whether nominal devaluation leads to real devaluation by employing a relatively new method of cointegration and error-correction modeling. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：385 / 391

页数：7

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