estimated misalignment is used to derive the equilibrium nominal exchange rate against the euro. Finally, we construct a …

of the euro/dollar real exchange rate. Given this value, one could then give a precise meaning to the notion of … undervaluation or overvaluation of the euro, and calculate its misalignment. The problem however arises of how to assess the … calculations. This of course is not (yet) possible for the euro, so that all the calculations of the misalignment of the euro that …

-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate …

In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro … seven developed countries, four of them Euro-area members. Second, we aggregate the European variables and estimate a model … for the Euro-dollar real exchange rate using time series techniques. After identification and model selection, the same …

EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …

This paper analyses the impact of productivity developments in the United States and the euro area on the euro … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the … used the former to assess productivity developments, this might thus have contributed to the weakness of the euro in 2000 …

This study first assesses recent misalignments of the real effective exchange rate (REER) of the euro area and of the … evidence of a modest overvaluation of the euro-area REER in 2017, partly linked to the nominal appreciation of its currency in …