Marianna, Belloc; Daniela, Federici; Giancarlo, Gandolfo - In: Economia politica (2008) 2, pp. 243-264
This paper analyses and compares different empirical approaches to the euro/dollar real equilibrium exchange rate. We first survey the alternative approaches present in the literature. Then we focus on the NATural Real EXchange rate and discuss the distinction between reduced form equations and...