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This paper studies various approaches to the equilibrium real effective exchange rate estimation, including structural and direct estimation approaches. It shows their strengths and weaknesses with application to the case of Latvia. Despite the approaches differing considerably in terms of their...
Persistent link: https://www.econbiz.de/10011868489
In this study, we apply BEER and FEER approaches to estimate the REER trend on Ukrainian data. By applying BEER we were … able to identify the long-run factors which explain the dynamics of the REER trend. FEER approach gives us information on …
Persistent link: https://www.econbiz.de/10012606375
. The results derived from the fundamental equilibrium exchange rate (FEER) approach and the Penn effect regression are used …
Persistent link: https://www.econbiz.de/10010281925
equilibrium real exchange rate (FEER) approach. It is shown that the strength of the FEER depends on the share of imports that can … be financed by petroleum (based) revenues. Projections of the FEER over a long horizon suggest that the petroleum wealth … period. However, the FEER depreciates steadily over time with growth in imports relative to petroleum revenues and converges …
Persistent link: https://www.econbiz.de/10012143630
In this study, we apply BEER and FEER approaches to estimate the REER trend on Ukrainian data. By applying BEER we were … able to identify the long-run factors which explain the dynamics of the REER trend. FEER approach gives us information on …
Persistent link: https://www.econbiz.de/10012501410
This paper studies various approaches to the equilibrium real effective exchange rate estimation, including structural and direct estimation approaches. It shows their strengths and weaknesses with application to the case of Latvia. Despite the approaches differing considerably in terms of their...
Persistent link: https://www.econbiz.de/10011890484
equilibrium real exchange rate (FEER) approach. It is shown that the strength of the FEER depends on the share of imports that can … be financed by petroleum (based) revenues. Projections of the FEER over a long horizon suggest that the petroleum wealth … period. However, the FEER depreciates steadily over time with growth in imports relative to petroleum revenues and converges …
Persistent link: https://www.econbiz.de/10005292510
. The results derived from the fundamental equilibrium exchange rate (FEER) approach and the Penn effect regression are used …
Persistent link: https://www.econbiz.de/10010545690
This paper focuses on real exchange rate in the case of CEMAC countries. To analyze the situation in Cameroon, Central African Republic, Congo, Gabon and Chad we used annual data from 1979 to 2008. Two approaches were used related to equilibrium real exchange rate model based on fundamentals and...
Persistent link: https://www.econbiz.de/10005109572
framework. We then compare FEER and BEER estimations of equilibrium exchange rates based on the same, econometric model of the …
Persistent link: https://www.econbiz.de/10005607345