The Bickerdike-Robinson-Lerner condition and the dynamics of the real exchange rate

This paper presents a dynamic general equilibrium model of the real exchange rate for a semi-small open economy, within the Obstfeld-Svensson-Raziu tradition. The dynamics of the real exchange rate is determined jointly with the dynamics of capital accumulation and external debt, in a neoclassical e...

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Bibliographic Details
Main Author: Brito, Paulo (author)
Format: workingPaper
Language:eng
Published: 2021
Subjects:
Online Access:http://hdl.handle.net/10400.5/22672
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/22672