IMF paper: Dutch disease weakens growth
An IMF paper published on Wednesday examines the Dutch disease and shows that real exchange rate misalignment has a negative impact of growth
Dutch disease refers to the relationship between the increase in exploitation of natural resources and a decline in the manufacturing sector.
Nicolás Magud and Sebastián Sosa, the paper's author, examine how shocks that trigger foreign exchange inflows such as natural resource booms, surges in foreign aid, remittances, or capital inflows affect the real
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