Capital Account Policies and the Real Exchange Rate

Olivier Jeanne

NBER Working Paper No. 18404
Issued in September 2012

---- Acknowledgements -----

This paper was prepared for the National Bureau of Economic Research (NBER) International Seminar on Macroeconomics (ISoM), Oslo, June 15-16, 2012. The first version of this paper was circulated in February 2011. I thank the conference participants, and especially my discussants Javier Bianchi and Lars Svensson for their comments on the conference draft, as well as Nicholas Borst and Patrick Douglass for their help in collecting the data. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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