Zambujal‐Oliveira, J.; Faria e Castro, Miguel - In: Studies in Economics and Finance 28 (2011) 3, pp. 233-244
Purpose – The observed real exchange rate, measured as an effective index of real labour costs, may serve as a base for the evaluation of the Portuguese economy's competitiveness. The purpose of this paper is to evaluate the positioning of the real exchange rate, throughout time, against a...