Bresser-Pereira, Luiz Carlos; Araújo, Eliane Cristina de; … - In: Economia : revista da ANPEC 15 (2014) 1, pp. 54-67
expected profit rate in the tradable goods industry, leading to a drop in domestic savings and the substitution of foreign for … domestic savings. An econometric analysis of the Brazilian economy indicates a stable long-term relation between the exchange … rate and domestic savings, and that relative devaluations of the real exchange rate positively and significantly affect …