The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back? »
Journal Issue
Volume/Issue: 2010/58
Series: IMF Working Papers
Author(s): Andrew Berg , and Yanliang Miao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2010
DOI: http://dx.doi.org/10.5089/9781451963755.001
ISBN: 9781451963755
Keywords: Real Exchange Rate, Growth, Washington Consensus, exchange rate, equation, equilibrium exchange rate, exchange rates, Intertemporal Choice and Growth: General,
There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The "Washington Consensus" (WC) view holds that real exchange rate misalignment implies macroecono...