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framework. We then compare FEER and BEER estimations of equilibrium exchange rates based on the same, econometric model of the … robust to alternative assumptions, the BEER approach may rely on excessive confidence on past behaviors in terms of portfolio …
Persistent link: https://www.econbiz.de/10005607345
to avoid real appreciation of their currencies following a rise in relative productivity, casting doubt on the Balassa …
Persistent link: https://www.econbiz.de/10011725343
to avoid real appreciation of their currencies following a rise in relative productivity, casting doubt on the Balassa …
Persistent link: https://www.econbiz.de/10011619498
-called behavioural equilibrium exchange rate (BEER) approach. Given the limited availability and reliability of data as well as the rapid …
Persistent link: https://www.econbiz.de/10011604399
We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price … attention has been paid to an appropriate selection of price and productivity data in levels as opposed to indices, and to the …
Persistent link: https://www.econbiz.de/10010373688
The alternative specifications of the behavioural equilibrium exchange rate models (the BEERs) and their permanent counterparts (the PEERs) often deliver diverse estimates of the equilibrium exchange rate. In the case of the Czech koruna against the euro exchange rate, the discrepancy among the...
Persistent link: https://www.econbiz.de/10012122566
reflect the best possible assessment of the equilibrium exchange rate. In this paper we use the BEER and PEER approach to … premium proxy as well as to our approach for computing the total misalignment. We demonstrate that the BEER/PEER estimates of …
Persistent link: https://www.econbiz.de/10010264576
The alternative specifications of the behavioural equilibrium exchange rate models (the BEERs) and their permanent counterparts (the PEERs) often deliver diverse estimates of the equilibrium exchange rate. In the case of the Czech koruna against the euro exchange rate, the discrepancy among the...
Persistent link: https://www.econbiz.de/10012389248
temporarily interrupted only during episodes of financial turbulence. Net foreign assets and the productivity differential …
Persistent link: https://www.econbiz.de/10009350675
reflect the best possible assessment of the equilibrium exchange rate. In this paper we use the BEER and PEER approach to … premium proxy as well as to our approach for computing the total misalignment. We demonstrate that the BEER/PEER estimates of …
Persistent link: https://www.econbiz.de/10009641437