The Effects of Exchange Rate Fluctuationson Output and Prices : Evidence From Developing Countries »
Series: IMF Working Papers
Author(s): Magda Kandil , and Ida Mirzaie
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2003
Keywords: exchange rate, anticipated vs. unanticipated appreciation, supply vs. demand channels, real and inflationary effects, price inflation, aggregate demand, money supply, Open Economy Macroeconomics, Economic Growth of Open Economies,
The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipat...