TY - JOUR AU - Arvate, Paulo Roberto PY - 1994/10/01 Y2 - 2024/03/28 TI - Opening the economy maintaining the level of employment and foreign exchange policy upside down JF - Brazilian Journal of Political Economy JA - BJPE VL - 14 IS - 4 SE - DO - 10.1590/0101-31571994-0743 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1303 SP - 559-570 AB - <p>The purpose of this paper is to demonstrate under which circumstances a policy<br />designed to open the economy may not succeed in changing employment level. This kind<br />of circumstances happens because in this model it is considered both internal and external<br />dynamics to a correct arbitrage of real exchange rate.</p><p><strong>JEL Classification:</strong> F16; F13; F43.</p> ER -