Abertura da economia com manutenção do nível de emprego e política cambial às avessas

Vol. 14 No. 4 (1994)

Oct-Dec / 1994
Published October 1, 1994
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How to Cite

Arvate, Paulo Roberto. 1994. “Abertura Da Economia Com manutenção Do nível De Emprego E política Cambial às Avessas”. Brazilian Journal of Political Economy 14 (4):50-61. https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1303.

Abertura da economia com manutenção do nível de emprego e política cambial às avessas

Paulo Roberto Arvate
Brazilian Journal of Political Economy, Vol. 14 No. 4 (1994), Oct-Dec / 1994, Pages 50-61

Abstract


The purpose of this paper is to demonstrate under which circumstances a policy designed to open the economy may not succeed in changing employment level. This kind of circumstances happens because in this model it is considered both internal and external dynamics to a correct arbitrage of real exchange rate.