J-curve effects following a devaluation are simply a theoretical issue with no real world importance.

Question

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The J-curve effect is a real world phenomenon that occurs when a country devalues its currency. Initially, there may be a short-term increase in the trade balance due to a fall in import demand and a rise in exports. However, over the medium term, as consumers and producers adjust to the new prices, the trade balance may worsen as import demand increases and export competitiveness is undermined. This is known as the J-curve effect and can have significant economic implications, particularly for countries that rely on trade as a driver of growth.

J-Curve Effects Following a Devaluation Are Simply a Theoretical Issue