Commercial policy, the terms of trade and the real exchange rate revisited

被引：11
|
作者：
Devereux, J
Connolly, M
机构：
[1] Department of Economics, University of Miami, Coral Gables
来源：
JOURNAL OF DEVELOPMENT ECONOMICS | 1996年 / 50卷 / 01期
关键词：
real exchange rate; commercial policy; terms of trade;
D O I：
10.1016/0304-3878(96)00004-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We estimate the effects of commercial policy and changes in the external terms of trade on the real exchange rate for four Latin American economies using data on internal relative prices, We find that the greater the elasticity of the non-traded price level with respect to the price of importables, the larger is the real exchange rate effect of import restrictions but the smaller is the real exchange rate effect of changes in the external terms of trade.
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页码：81 / 99
页数：19
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