Exchange rate misalignment in Pakistan and its general equilibrium distributional implications

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dc.creatorDebowicz, Darío
dc.creatorSaeed, Wajiha
dc.date2014
dc.date2024-08-01T02:57:30Z
dc.date2024-08-01T02:57:30Z
dc.date.accessioned2026-06-27T15:21:08Z
dc.descriptionRecent findings in the growth literature suggest that developing countries need to keep a devalued exchange rate to stimulate their economic growth. Building on these findings, we econometrically evaluate to what ex-tent the real exchange rate of Pakistan has been aligned with its economic fundamentals, and find that the Pa-kistan rupee has been significantly and systematically overvalued during the last years. We then simulate the general equilibrium effects of an eventual re-alignment of the real exchange rate with economic fundamen-tals, and find not only an expected increase in the relative size of the tradable sector - where productivity in-creases tend to be faster – but also an associated improvement in the income of the poorest groups.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/151464
dc.identifier.urihttp://hdl.handle.net/123456789/101879
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceDebowicz, Dario and Saeed, Wajiha. 2014. Exchange rate misalignment in Pakistan and its general equilibrium distributional implications. PSSP Working Paper 16. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/151464
dc.subjecteconomic growth
dc.subjectmarkets
dc.subjectcomputable general equilibrium models
dc.subjecttrade
dc.subjectexchange rate
dc.titleExchange rate misalignment in Pakistan and its general equilibrium distributional implications
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)