Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? write by Mr.Ruy Lama. This book was released on 2010-08-01. Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? available in PDF, EPUB and Kindle. This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.
Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? write by Ruy Lama. This book was released on 2014. Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? available in PDF, EPUB and Kindle. This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.
Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease?
Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? write by Juan Pablo Medina Guzman. This book was released on 2010-08-01. Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? available in PDF, EPUB and Kindle. This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.
Booming Sector and Dutch Disease Economics
Booming Sector and Dutch Disease Economics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Booming Sector and Dutch Disease Economics write by Warner Max Corden. This book was released on 1982. Booming Sector and Dutch Disease Economics available in PDF, EPUB and Kindle.
Diagnosing Dutch Disease
Diagnosing Dutch Disease - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Diagnosing Dutch Disease write by Nienke Oomes. This book was released on 2007-04. Diagnosing Dutch Disease available in PDF, EPUB and Kindle. In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate appreciation; (2) slower manufacturing growth; (3) faster service sector growth; and (4) higher overall wages. We test these predictions for Russia while carefully controlling for other factors that could have led to similar symptoms. We conclude that, while Russia has all of the symptoms, the diagnosis of Dutch Disease remains to be confirmed.
