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Exchange rate determination and the balance of payments, a theoretical framework

โœ Scribed by P. B. De Ridder


Publisher
Springer
Year
1981
Tongue
English
Weight
398 KB
Volume
129
Category
Article
ISSN
0013-063X

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This paper studies the relationship between the real exchange rate and manufacturing proยฎts using Marston's model of pricing-to-market. Looking at US data, we ยฎnd that a sustained real depreciation of the dollar has a signiยฎcant and substantial inยฏuence on manufacturing proยฎts. During the early 1980