Montiel, Peter (contributor); Servén, Luis (contributor) - 2008
s e a R c h Wo R k i n g Pa P e R 4636
The view that policies directed at the real exchange
rate can have an … that temporary
departures of the real exchange rate from its equilibrium
level harm growth by distorting a key relative … price in the
economy, the recent literature stresses the growth effects
of the equilibrium real exchange rate itself, with …