Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

تمرين 12

Your country is in recession. You feel that a policy of exchange rate depreciation will stimulate aggregate demand and bring the country out of the recession.
a. What can be done to trigger this depreciation
b. How might other countries react
c. When would this be a beggar-thy-neighbor policy