Browsing HBS Scholarly Articles by Author "Cuñat, Alejandro"
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The Real Exchange Rate, Innovation and Productivity
Alfaro, Laura; Cuñat, Alejandro; Fadinger, Harald; Liu, Yan-Ping (Oxford Academic, 2023-04)We build a dynamic heterogeneous-firm model in which real depreciations raise export demand and the cost of importing intermediates, and also affect borrowing constraints and the profitability of engaging in research and ...