Real Exchange Rate, Monetary Policy and Employment

Roberto Frenkel and Lance Taylor

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: The exchange rate affects the economy through many channels and, consequently, has diverse macroeconomic and development impacts. Five are analysed in this paper: resource allocation, economic development, finance, external balance and inflation. The use of the exchange rate as a developmental tool in conjunction with its other uses (often in coordination with monetary policy) is at the focus of the discussion.

Keywords: exchange rate; development policy (search for similar items in EconPapers)
JEL-codes: F3 F4 O2 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2006-02
New Economics Papers: this item is included in nep-cba, nep-fmk, nep-mac, nep-mon, nep-pke and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (55)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:19

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