1887

UN Department of Economic and Social Affairs (DESA) Working Papers

The UN Department of Economic and Social Affairs (DESA) Working Papers aim to stimulate discussion and critical comment on the broad range of economic, social and environmental issues associated with the United Nations Development Agenda.

English

Real Exchange Rate, Monetary Policy and Employment

The exchange rate affects the economy through many channels and, consequently, has diverse macroeconomic and development impacts. Five are analysed in this paper: resource allocation, economic development, finance, external balance and inflation. The use of the exchange rate as a developmental tool in conjunction with its other uses (often in coordination with monetary policy) is at the focus of the discussion.

English

Keywords: exchange rate, development policy
JEL: O2: Economic Development, Innovation, Technological Change, and Growth / Development Planning and Policy; F3: International Economics / International Finance; F4: International Economics / Macroeconomic Aspects of International Trade and Finance
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