Titlebook: Exchange Rate Policies, Prices and Supply-side Response; A Study of Transitio Christos Papazoglou (member),Eric J. Pentecost (me Book 2001

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Divya Singh,Seema Ramniwas,Ranvijay Kumardvice for economies in transition or for economies undergoing a fast industrial restructuring. The Czech case is a prime example of how the exchange rate could behave in the most unexpected way. Table 8.1 shows the basic indicators relevant for the assessment of the RER and the evolution of the envi

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Junaid Ahmad Malik,Megh R. Goyal,Anu Kumaripetition. Fischer (1977) and Taylor (1979) show how with nominal wage and price-setting, nominal money shocks could have long-lasting effects on output and employment. More recently, since the mid-1980s, economists have been seeking the origins of these nominal rigidities. Mankiw (1985) argues that

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Outspoken

The Real Exchange Rate and the Output Response in Four Transition Economies: A Panel Data Study turn lower aggregate demand and output. Another channel through which devaluation can lower aggregate demand relates to its effect on income distribution. A devaluation can redistribute income from groups with a low marginal propensity to save to groups with a high marginal propensity to save, resu

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