Exchange rates, prices, monetary policy and competitiveness

Article published in the Economic Review of September 2019
September 2019
de Walque, G. / Lejeune, Th. / Stevens, A.

Is a depreciation automatically inflationary and growth-enhancing? The answer depends very much on the structure of the economy and on the type of shock behind the exchange rate movement.

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From 2019 onwards, the articles from the Economic Review are published in French and Dutch in the form of digests, their full version being available only in English.