Construct · 1 fields · 1 citations

contractionary devaluation: a standalone construct

One name. One construct. A landmark on the map.

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contractionarydevaluation1 CONSTRUCTContractionaryKRUGMAN · INTERNATIONAL

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International finance

the possibility that a currency devaluation reduces rather than raises output, for example by redistributing income toward savers or raising import costs.

In international finance, contractionary devaluation refers to the possibility that a currency devaluation reduces rather than raises output, for example by redistributing income toward savers or raising import costs. This meaning comes from Krugman (1978) in Journal of International Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

possibility3 fields · 3 citationsjingle · one word, three constructsraising1 fields · 1 citationsanchor · one construct, one field

References

  1. Krugman, P., & Taylor, L. (1978). Contractionary effects of devaluation. Journal of International Economics, 8(3), 445-456. https://doi.org/10.1016/0022-1996(78)90007-7

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