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Even though real exchange rate has an important impact on sustainable export and economic growth for small open economies, its impact on income distribution and transmission mechanism was never investigated. The paper shows that improved income distribution, through its impact on the price of nontradables, is associated with real exchange rate devaluation.
Publish Date
2002
Language
English
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Inequality, the price of nontradables, and the real exchange rate: theory and cross-country evidence
2002, World Bank, Poverty Reduction and Economic Management Network, Poverty Reduction Group
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in English
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Book Details
Edition Notes
Also available in print.
Includes bibliographical references (p. 19-23).
Title from title screen as viewed on Aug. 22, 2002.
"January 2002."
Mode of access: World Wide Web.
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