The exchange rate in Orthodox, Keynesian and New Developmentalism theoretical models:

Vol. 41 No. 2 (2021)

Apr-Jun / 2021
Published March 30, 2021
PDF-English
PDF-English

How to Cite

Capriata, Willian, and Leonardo Flauzino de Souza. 2021. “The Exchange Rate in Orthodox, Keynesian and New Developmentalism Theoretical models:: A Literature Review”. Brazilian Journal of Political Economy 41 (2), 220-35. https://doi.org/10.1590/0101-31572021-3126.

The exchange rate in Orthodox, Keynesian and New Developmentalism theoretical models:

a literature review

Willian Capriata
Instituto Brasileiro de Geografia e Estatística – IBGE, Cuiabá/MT, Brasil.
Leonardo Flauzino de Souza
Faculdade de Economia – Universidade Federal de Mato Grosso – UFMT, Cuiabá/MT, Brasil.
Brazilian Journal of Political Economy, Vol. 41 No. 2 (2021), Apr-Jun / 2021, Pages 220-235

Abstract

The main purpose of this paper is to present the differences in the exchange rates in macroeconomic models from the three current theoretical views: Orthodox, Post-Keynesian and New Developmentalism. To achieve this objective, it is proposed to make a bibliographic survey of the literature on open macroeconomics and exchange rate. The main differences among these views concerns to exchange rate determination, causes of exchange rate variations and balance of payments equilibrium determination.

JEL Classification: E12; E13; F41.


Keywords: Exchange rate, open macroeconomics, balance of payments