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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
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The behavioural zloty/euro equilibrium exchange rate
Beza-Bojanowska, Joanna; MacDonald, Ronald - 2009
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
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Czech BEERs with PEERs: Tackling the uncertainty
Baxa, Jaromír; Janécoviéc, 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/10012389248
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Explaining the Appreciation of the Brazilian <i>real</i>
Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2011
This paper seeks to identify factors explaining the appreciation of the Brazilian real observed since 2003, which was temporarily interrupted only during episodes of financial turbulence. Net foreign assets and the productivity differential relative to Brazil’s main trade partners are found to...
Persistent link: https://www.econbiz.de/10009350675
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The Behavioural Zloty/Euro Equilibrium Exchange Rate
Beza-Bojanowska, Joanna - Narodowy Bank Polski - 2009
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
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How Robust are Estimated Equilibrium Exchange Rates? A Panel BEER Approach
Bénassy-Quéré, Agnès; Béreau, Sophie; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2008
This paper is concerned with the robustness of equilibrium exchange rate estimations based on the BEER approach for a … robustness of the estimations by dropping one or two years from the estimation period. Our main conclusion is that BEER …
Persistent link: https://www.econbiz.de/10005062869
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The Behavioural Zloty/Euro Equilibrium Exchange Rate
Beza-Bojanowska, Joanna; MacDonald, Ronald - CESifo - 2009
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/10005051513
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Do Fundamentals Explain the Behavior of the Real Effective Exchange Rate?
Nilsson, Kristian - Konjunkturinstitutet, Government of Sweden - 2002
In this study, we make use of time series analysis to calculate a real effective equilibrium exchange rate for Sweden. The results indicate that the krona was severely overvalued in late 1992, when the fixed exchange rate regime finally was abandoned. Furthermore, the results indicate that the...
Persistent link: https://www.econbiz.de/10005190924
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Equilibrium Exchange Rates: a Guidebook for the Euro-Dollar Rate
Bénassy-Quéré, Agnès; Béreau, Sophie; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2008
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
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Estimating the equilibrium exchange rate of the Estonian kroon
Hinnosaar, Marit; Kaadu, Hannes; Uusküla, Lenno - Eesti Pank - 2005
equilibrium exchange rate (BEER) approach is used to analyse the dynamics of the real effective exchange rate in the time period …
Persistent link: https://www.econbiz.de/10005650116