Brun, Martín; Gambetta, Juan Pedro; Varela, Gonzalo - 2020
Export responses to real exchange rate (RER) depreciations in Pakistan are lower than those to appreciations. This … paper empirically documents this asymmetric response using macro-level data. It then relies on a disaggregated export … product-level data set for 2003-17 to test, within a panel fixed-effects framework, three hypotheses explaining the low export …