The real exchange rate and the output response in four EU accession countries

This paper estimates the response of output to changes in the real exchange rate in four transitional economies. The theoretical effect is ambiguous since the demandside effect works against the supply-side effect. On the demand-side, a depreciation of the real exchange rate should improve competiti...

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Bibliographic Details
Main Authors: Terence C. Mills, Eric J. Pentecost
Format: Default Preprint
Published: 2000
Subjects:
Online Access:https://hdl.handle.net/2134/1128
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