Exchange Rate Choices with Inflexible Markets and Costly Price Adjustments.

This paper analyzes the appropriate choice of an exchange rate regime in agricultural commodity-exporting economies. In an open economy model that incorporates key structural characteristics of agricultural commodity exporters including dual labor markets, the benefits of exchange rate flexibility a...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Iyer, Tara (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, [2017]
Series:IMF working paper ; WP/17/154.
Subjects:
Foreign exchange rates.
Commerce.
Money > Tables.
Taux de change.
Money
Foreign exchange rates
Commerce
Commodity Exporters.
All Countries.
Agriculture in International Trade.
Agricultural Exports.
Agricultural Commodities.
Tables
Online Access:Texto completo
Table of Contents:
  • Cover; Contents; 1. Introduction; 2. Stylized Facts; 3. A Small Open Commodity-Exporting Economy; 3.1. Households; 3.2. Relative Prices; 3.3. Firms; 3.3.1. Commodity Sector; 3.3.2. Non-Commodity Sector; 3.4. Central Bank; 3.5. Market-Clearing and Accounting; 3.5.1. Goods, Labor, National Accounts; 3.5.2. Assets; 3.6. Equilibrium; 4. Calibration; 5. Exchange Rate Choices in Inflexible Markets; 5.1. Dynamics under Alternate Exchange Rate Regimes; 5.2. Labor Market Rigidity; 5.3. Product Market Rigidity; 5.4. Welfare; 5.5. Robustness; 6. Conclusion; References; Figures.

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