A General Equilibrium Model with Real Exchange Rates
In this paper, the Balassa–Samuelson–Tariffi effect is revisited. This research first aims to explain that the behaviour of the real exchange rate shows structural breaks in the short term. A partial equilibrium model “á la Rogoff” is formally formulated where there are relative prices of non-tradab...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-05-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/13/5/122 |
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