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Czech BEERs with PEERs : tackling the uncertainty

Baxa, Jaromír; Jančovič, Pavel - 2019

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

Equilibrium exchange rates and misalignments : the case of homogenous emerging countries

Tipoy, Christian K.; Breitenbach, Marthinus C.; … - In: Spoudai : journal of economics and business 66 (2016) 4, pp. 3-25

We compute the exchange rate misalignment for a set of emerging economies between 1980 and 2013 using the behavioural equilibrium exchange rate definition. The real equilibrium exchange rate is constructed using a parsimonious model and estimators that are robust to cross-sectional independence...

Persistent link: https://www.econbiz.de/10011619498

The misalignment of real effective exchange rate : evidence from Tunisia

Derbali, Ahmed - 2021

This paper presents an estimation of the Tunisian equilibrium exchange rate based on the Behavioral Equilibrium Exchange Rate approach (BEER). The BEER framework links exchange rates to its fundamentals: Tunisian productivity, partners' productivity, trade openness and terms of trade. We...

Persistent link: https://www.econbiz.de/10012501404

Boosting carry with equilibrium exchange rate estimates

Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022

We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...

Persistent link: https://www.econbiz.de/10013375145

China’s Great Convergence and Beyond

Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle …-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical … account of China’s rise, fall, and resurgence. We then discuss the stylized facts associated with China’s growth process and …

Persistent link: https://www.econbiz.de/10010886217

From PPP to Natrex - the Case of Czech Crown

Škop, Jiří; Vejmělek, Jan - In: Politická ekonomie 2009 (2009) 3, pp. 323-343

The exchange rate cannot significantly diverge from a (real) long-term equilibrium level consistent with the macroeconomic picture of an economy for a long period of time; otherwise, the economy suffers from macroeconomic imbalances such as below-potential growth and below natural employment, or...

Persistent link: https://www.econbiz.de/10005103172

A Two-Country NATREX Model for the Euro/Dollar

Belloc, Marianna; Federici, Daniela - Volkswirtschaftliche Fakultät, … - 2007

This paper develops a NATREX (NATural Real EXchange rate) model for two large economies, the Eurozone and the United States. The NATREX approach has already been adopted to explain the medium-long term dynamics of the real exchange rate in a number of industrial countries. So far, however, it...

Persistent link: https://www.econbiz.de/10005623338

Renminbi misaligned - Results from meta-regressions

Korhonen, Iikka; Ritola, Maria - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009

We collect data from 29 separate papers estimating the equilibrium level and possible undervaluation of the Chinese currency, the renminbi. These papers yield a total of 97 individual observations on misalignment, which we analyse with the help of meta-analysis. We find that the vast majority of...

Persistent link: https://www.econbiz.de/10004998790

Renminbi misaligned: Results from meta-regressions

Korhonen, Iikka; Ritola, Maria - 2009

Persistent link: https://www.econbiz.de/10012148588

US Corporate Complicity in China's Genocide : Creating Genocide-Free Portfolios

Hammond, Dennis R. - 2021

people of Turkic ethnic origins in the Xinjiang Uyghur Autonomous Region (Xinjiang) of the People’s Republic of China (PRC or … China). According to credible government and nongovernmental organization (NGO) sources, the PRC’s unrelenting and inhumane …-free portfolios.We show it is possible to create portfolios that are not only free of links to China’s genocide, but also demonstrate …

Persistent link: https://www.econbiz.de/10013322612