| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12035 |
| DP12035 The Distributional Consequences of Large Devaluations | |
| Andrei Levchenko; Javier Cravino | |
| 发表日期 | 2017-05-09 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We study the impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Poor households spend relatively more on tradeable product categories, and consume lower-priced varieties within categories. Changes in the relative price of tradeables and of lower-priced varieties affect the cost of living of low-income relative to high-income households. We quantify these effects following the 1994 Mexican devaluation and show that they can have large distributional consequences. Two years post-devaluation, the cost of living for the bottom income decile rose 1.48 to 1.62 times more than for the top income decile. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics |
| 关键词 | Exchange rates Large devaluations Distributional effects Consumption baskets |
| URL | https://cepr.org/publications/dp12035 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540847 |
| 推荐引用方式 GB/T 7714 | Andrei Levchenko,Javier Cravino. DP12035 The Distributional Consequences of Large Devaluations. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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