Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model
| Autor: | Nguyễn Văn Ngãi |
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| Jazyk: | vietnamština |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh, Vol 8, Iss 1, Pp 52-60 (2020) |
| Druh dokumentu: | article |
| ISSN: | 2734-9306 2734-9578 |
| Popis: | Vietnam Dong has been continuously depreciating in recent years, The State Bank of Vietnam has attempted to contol the exchange rate for macroeconomic stability, especially reducing inflation rate as a target of Vietnamese economy. This study built the computable general equilibrium model for Vietnamese economy in order to estimate the impact of a depreciation of the exchange rate on macroeconomic indicators. The result of this study provides useful information for Vietnamese policy-makers to make decisions on the exchange rate policies. The 17% depreciation of the exchange rate will have positive impacts on Vietnamese economy in terms of growth rate (4.58%), employment rate (4.22%) and exports (15.49%); but the cost for that is 13.58% inflation. Thus, the trade-offs among macroeocnomic indicators as application of the exchange rate policy must be considered. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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