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Optimum Real Exchange (Nassif et al.)

A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015 by André Nassif, Carmen Feijó and Eliane Araújo published by CEPAL (12/2017). “…Econometric estimates for 1999-2015 indicate that, following a prolonged period, beginning in late 2005, during which the Brazilian currency appreciated quite steeply, the real exchange rate in Brazil reached its ‘optimum’ level in mind-January 2016.”

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