Ahmed, Shaghil; Ara, Iffat; Hyder, Kalim - Volkswirtschaftliche Fakultät, … - 2005
rate depreciation shock lowers output—a positive effect on real net exports (largely resulting from import compression … depreciation, and only limited evidence that credibility of anti-inflationary policy would improve with a currency peg support … greater exchange rate flexibility. However, the rather large contractionary effects of real exchange rate depreciation on …