WORDS, DEEDS AND OUTCOMES: A SURVEY ON THE GROWTH EFFECTS OF EXCHANGE RATE REGIMES

Philipp Harms and Marco Kretschmann

Journal of Economic Surveys, 2009, vol. 23, issue 1, pages 139-164

Abstract: Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification and common estimation methods, we argue that the contradictory findings can be explained by the fact that these studies use regime classifications which reflect fundamentally different aspects of exchange rate policy. Copyright © 2008 The Authors. Journal compilation © 2008 Blackwell Publishing Ltd.

Date: 2009

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Working Paper: Words, deeds, and outcomes: A survey on the growth effects of exchange rate regimes (2007)
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