Devaluation and Monetary Policy in Developing Countries: A General Equilibrium Model for Economies Facing Financial Constraints

International Monetary Fund

No 1987/014, IMF Working Papers from International Monetary Fund

Abstract: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Keywords: WP; mn mathvariant; price level; price effect; tradable good; aggregate supply; constraint effect; current price; nontradable commodity market; interest rate; aggregate output; price expectation; price level of the tradable good; excess supply; Monetary base; International reserves; Credit; Reserve positions (search for similar items in EconPapers)
Pages: 46
Date: 1987-01-01
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