Currency Depreciation and Net Exports

An interesting WSJ piece - Why Weak Currencies Have a Smaller Effect on Exports

http://www.wsj.com/articles/why-weak-currencies-have-a-smaller-effect-on-exports-1451243289

Related:

Paradigm lost: Rethinking international adjustments [Speech by Benoît Cœuré, Member of the Executive Board of the ECB]

https://www.ecb.europa.eu/press/key/date/2015/html/sp151121.en.html