Front Matter
Author:
Mr. Vladimir Klyuev
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Front Matter Page

IMF Institute

Authorized for distribution by Eric V. Clifton

Contents

  • I. Introduction

  • II. What do they care about?

  • III. Model

    • A. Setup

    • B. Flexible-Price Equilibrium

    • C. Manipulating RER

      • 1. Wages that are too high

      • 2. Wages that are too low

  • IV. Political Economy Connection

  • V. Discussion

  • VI. Conclusions

  • Appendix I. Wages and RER in the Two-Sector Two-Factor Model

  • Appendix II. Two-Sector Model: Consumption Side

  • Appendix III. Two-Sector Model with Labor Input

  • Appendix IV. Adding Intertemporal Elements

  • Appendix V. Welfare Evaluation

  • Appendix VI. Intertemporal Analysis

  • References

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The Distributional Consequences of Real Exchange Rate Adjustment
Author:
Mr. Vladimir Klyuev