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Exchange rates, monetary policy and wages: A case study of Chile

David P. Vincent

No 164, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper analyses, using a comparative-static general equilibrium model built along neoclassical lines, a range of devaluation, monetary and wage policy mixes for the Chilean economy. By quantifying the short-run implications of each policy mix for key economic variables at the macroeconomic and sectoral level it enables judgements to be made about their effectiveness in reaching specified targets and their feasibility.

Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:164

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