One of the most prominent effects of commodity booms is the appreciation of the real exchange rate (RER), which decreases the relative competitiveness of the non-booming tradable sector. The authors document that the experience of Indonesia during the first decade of 2000s is no exception with the RER (vis-a-vis the United States (U.S.) appreciating over 80 percent between 2002 and 2011. The authors show that this pattern has also been in line with...
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2018/01/01
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Documento de Trabalho
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131392
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1
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1
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2018/10/29
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Disclosed
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RER Competitiveness and the Cost of Protectionism : The case of Indonesia
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tradable good
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