Economic Structure, the Exchange Rate and Adjustment in the Federal Republic of Germany : A General Equilibrium Approach.
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1988.
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| coleção: | IMF Working Papers; Working Paper ;
No. 1988/079 |
| Acesso em linha: | Full text available on IMF |
| Resumo: | This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation dominate the expansionary effects so that GDP and employment fall and the external surplus declines only little. In the alternative (and polar opposite) case of free movement of goods, services, and factors, the expansionary effects of the appreciation become more prominent as supply and demand respond much more readily to the relative price changes. |
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| Descrição do item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrição Física: | 1 online resource (34 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Acesso: | Electronic access restricted to authorized BRAC University faculty, staff and students |