Chapter II. The Preservation of Competitive Advantage

Anonymous

National Institute Economic Review, 1968, vol. 43, 24-30

Abstract: Perhaps the simplest first statement of what is needed to preserve the competitive advantage provided by devaluation is that, once the initial price-raising effect of devaluation is over, prices should not be allowed to rise faster here than they do, on average, in competing countries.

Date: 1968
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