Saving distortions undervalued exchange rates and protectionism

Policies that distort domestic saving decisions have general equilibrium effects on trade flows and the real exchange rate. In particular increasing domestic savings keeps the real exchange rate undervalued depressing imports and increasing exports. However there are important differences between sa...

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Autores principales: Costinot, Arnaud, Lorenzoni, Guido, Werning, Iván
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3900
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