Words, Deeds and Outcomes: A Survey on the Growth Effects of Exchange Rate Regimes

26 Pages Posted: 17 Jan 2009

See all articles by Philipp Harms

Philipp Harms

Study Centre Gerzensee

Marco Kretschmann

affiliation not provided to SSRN

Abstract

Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification and common estimation methods, we argue that the contradictory findings can be explained by the fact that these studies use regime classifications which reflect fundamentally different aspects of exchange rate policy.

Suggested Citation

Harms, Philipp and Kretschmann, Marco, Words, Deeds and Outcomes: A Survey on the Growth Effects of Exchange Rate Regimes. Journal of Economic Surveys, Vol. 23, Issue 1, pp. 139-164, February 2009, Available at SSRN: https://ssrn.com/abstract=1327431 or http://dx.doi.org/10.1111/j.1467-6419.2008.00559.x

Philipp Harms (Contact Author)

Study Centre Gerzensee ( email )

CH-3115 Gerzensee
Switzerland

Marco Kretschmann

affiliation not provided to SSRN

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