Measurements of Static Welfare Losses, Distribution Inequities, and Revenues in the Brazilian Multiple Auction Exchange Rate System

Donald L. Huddle

The Quarterly Journal of Economics, 1975, vol. 89, issue 3, 490-503

Abstract: I. Introduction, 490. — II. A brief description of the system, 491. — III. Static welfare losses from foreign exchange pricing, 491. — IV. Revenue gains and losses, 495. — V. Other costs and offsets, 498. — Appendix A: general method: converting loss estimates to linear estimates around the regression means, 499. — Appendix B: methodology of welfare loss calculations, 500.

Date: 1975
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