Lòpez-Villavicencio, Antonia; Mazier, Jacques; … - HAL - 2012
We analyze, in a unified theoretical framework, the two main models for equilibrium exchange rate, namely, the BEER and … these two measures. Our results show that, in average, the BEER and the FEER are closely related. Yet, important differences … real effective exchange rate, and so, between the FEER and the BEER. Our analysis puts forward the structural changes in …