G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12035
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
URLhttps://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.
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