A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015

The “optimum” long-run real exchange rate is the rate that will efficiently channel production resources into industries that generate and diffuse productivity gains in the economy as a whole and that will thus tend to speed up and sustain the economic development process. Rather than employing conv...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Nassif, André, Feijó, Carmen Aparecida, Araújo, Eliane
Formato:	Texto
Lenguaje:	English
Publicado:	2018
Materias:	DESARROLLO ECONOMICO AJUSTE ESTRUCTURAL CONVERGENCIA ECONOMICA MACROECONOMIA TIPOS DE CAMBIO POLITICA MONETARIA MODELOS DE DESARROLLO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT STRUCTURAL ADJUSTMENT ECONOMIC CONVERGENCE MACROECONOMICS FOREIGN EXCHANGE RATES MONETARY POLICY DEVELOPMENT MODELS ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/43449
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-11362-43449
record_format	dspace
spelling	oai-11362-434492020-03-06T16:50:27Z A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015 Nassif, André Feijó, Carmen Aparecida Araújo, Eliane DESARROLLO ECONOMICO AJUSTE ESTRUCTURAL CONVERGENCIA ECONOMICA MACROECONOMIA TIPOS DE CAMBIO POLITICA MONETARIA MODELOS DE DESARROLLO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT STRUCTURAL ADJUSTMENT ECONOMIC CONVERGENCE MACROECONOMICS FOREIGN EXCHANGE RATES MONETARY POLICY DEVELOPMENT MODELS ECONOMETRIC MODELS The “optimum” long-run real exchange rate is the rate that will efficiently channel production resources into industries that generate and diffuse productivity gains in the economy as a whole and that will thus tend to speed up and sustain the economic development process. Rather than employing conventional models, a structuralist-Keynesian model is used to demonstrate, both theoretically and empirically, that the factors influencing the path of the long-run real exchange rate and the divergence of the observed real exchange rate from the “optimum” real exchange rate in terms of economic development are accounted for by both structural and short-term macroeconomic policy variables. Econometric estimates for 1999-2015 indicate that, following a prolonged period, beginning in late 2005, during which the Brazilian currency appreciated quite steeply, the real exchange rate in Brazil reached its “optimum” level in mid-January 2016. 2018-04-10T21:03:58Z 2018-04-10T21:03:58Z 2017-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/43449 LC/PUB.2017/24-P 9 en CEPAL Review CEPAL Review 123 .pdf application/pdf 1999 BRASIL BRAZIL 2015
institution	Cepal
collection	Cepal
language	English
topic	DESARROLLO ECONOMICO AJUSTE ESTRUCTURAL CONVERGENCIA ECONOMICA MACROECONOMIA TIPOS DE CAMBIO POLITICA MONETARIA MODELOS DE DESARROLLO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT STRUCTURAL ADJUSTMENT ECONOMIC CONVERGENCE MACROECONOMICS FOREIGN EXCHANGE RATES MONETARY POLICY DEVELOPMENT MODELS ECONOMETRIC MODELS
spellingShingle	DESARROLLO ECONOMICO AJUSTE ESTRUCTURAL CONVERGENCIA ECONOMICA MACROECONOMIA TIPOS DE CAMBIO POLITICA MONETARIA MODELOS DE DESARROLLO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT STRUCTURAL ADJUSTMENT ECONOMIC CONVERGENCE MACROECONOMICS FOREIGN EXCHANGE RATES MONETARY POLICY DEVELOPMENT MODELS ECONOMETRIC MODELS Nassif, André Feijó, Carmen Aparecida Araújo, Eliane A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
description	The “optimum” long-run real exchange rate is the rate that will efficiently channel production resources into industries that generate and diffuse productivity gains in the economy as a whole and that will thus tend to speed up and sustain the economic development process. Rather than employing conventional models, a structuralist-Keynesian model is used to demonstrate, both theoretically and empirically, that the factors influencing the path of the long-run real exchange rate and the divergence of the observed real exchange rate from the “optimum” real exchange rate in terms of economic development are accounted for by both structural and short-term macroeconomic policy variables. Econometric estimates for 1999-2015 indicate that, following a prolonged period, beginning in late 2005, during which the Brazilian currency appreciated quite steeply, the real exchange rate in Brazil reached its “optimum” level in mid-January 2016.
format	Texto
author	Nassif, André Feijó, Carmen Aparecida Araújo, Eliane
author_facet	Nassif, André Feijó, Carmen Aparecida Araújo, Eliane
author_sort	Nassif, André
title	A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
title_short	A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
title_full	A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
title_fullStr	A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
title_full_unstemmed	A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
title_sort	structuralist-keynesian model for determining the optimum real exchange rate for brazil’s economic development process: 1999-2015
publishDate	2018
url	http://hdl.handle.net/11362/43449
work_keys_str_mv	AT nassifandre astructuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015 AT feijocarmenaparecida astructuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015 AT araujoeliane astructuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015 AT nassifandre structuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015 AT feijocarmenaparecida structuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015 AT araujoeliane structuralistkeynesianmodelfordeterminingtheoptimumrealexchangerateforbrazilseconomicdevelopmentprocess19992015
_version_	1718440373530918912

A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015

Ejemplares similares