The Asymmetric Effects of Exchange Rate Fluctuations : Theory and Evidence From Developing Countries »
Series: IMF Working Papers
Author(s): Magda Kandil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2000
Keywords: Exchange rate, rational expectations, asymmetric fluctuations, inflation, price inflation, real output
The paper examines the asymmetric effects of exchange rate fluctuations on real output and price in developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unantic...