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The equilibrium real exchange rate: pros and cons of different approaches with application to Latvia
Ajevskis, Viktors; Rimgailaite, Ramune; Rutkaste, Uldis; … - In: Baltic Journal of Economics 14 (2014) 1-2, pp. 101-123
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/10011246188
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Explaining the Appreciation of the Brazilian <i>real</i>
Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2011
misalignment is hard to gauge. FEER estimations point to an overvaluation between 3-10% in 2010. Dynamic simulations of behavioural …’équilibre reste difficile à mesurer. Les estimations FEER font état d'une surévaluation de 3 à 10% en 2010. Les simulations dynamiques …
Persistent link: https://www.econbiz.de/10009350675
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Assessing the Equilibrium Exchange Rate of the Cyprus Pound at the time of Euro Adoption
Kyriacou, George; Papageorghiou, Maria - Central Bank of Cyprus - 2010
-based approach using the Fundamental Equilibrium Exchange Rate (FEER) framework. …
Persistent link: https://www.econbiz.de/10008682852
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Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature
Siregar, Reza; Rajan, Ramkishen - Centre for International Economic Studies, School of … - 2006
One of the more important concepts in open macroeconomics is the “equilibrium real exchange rate” (ERER). Real exchange rate misalignments are argued to have been the cause of loss of competitiveness and growth slowdowns and eventual currency crises (in the event of sustained...
Persistent link: https://www.econbiz.de/10008693047
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El Tipo de Cambio Real de Costa Rica
Leon, Jorge; Mendez, Eduardo; Prado, Eduardo - Volkswirtschaftliche Fakultät, … - 2003
fundamentals; and FEER (Fundamental Equilibrium Exchange Rate) that estimates the long run equilibrium path of the real exchange …
Persistent link: https://www.econbiz.de/10011113155
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Exchange Rate Misalignment - The Case of the Chinese Renminbi
Cheung, Yin-Wong - CESifo - 2012
. 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
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The Concepts of Equilibrium Exchange Rate: A Survey of Literature
Siregar, Reza - Volkswirtschaftliche Fakultät, … - 2011
The aim of this paper is to review and examine a collection of ‘most commonly applied’ theoretical and empirical models of equilibrium exchange rate. The presentation on each model starts with an introduction of core theoretical frameworks. It will then be followed by discussions on relevant...
Persistent link: https://www.econbiz.de/10008854393
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Oil wealth and real exchange rates: The FEER for Norway
Akram, Q. Farooq - Norges Bank - 2004
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
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Exchange rate misalignment: The case of the Chinese Renminbi
Cheung, Yin-Wong - 2012
. 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
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Empirical estimation of REER trend for Ukraine
Vdovychenko, Artem - 2021
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