Hobdari, Niko - International Monetary Fund (IMF) - 2008
Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that … approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level. Looking … forward, a modest trend appreciation of the equilibrium REER is expected, consistent with continued high GDP growth and an …