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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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Competitiveness and the real exchange rate: the standpoint of countries in the CEMAC zone
Lendjoungou, Francis - Volkswirtschaftliche Fakultät, … - 2009
This paper focuses on real exchange rate in the case of CEMAC countries. To analyze the situation in Cameroon, Central African Republic, Congo, Gabon and Chad we used annual data from 1979 to 2008. Two approaches were used related to equilibrium real exchange rate model based on fundamentals and...
Persistent link: https://www.econbiz.de/10005109572
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A simultaneous model of the Swedish Krona, the US Dollar and the Euro
Lindblad, Hans; Sellin, Peter - 2006
In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro. A prime candidate for explaining the exchange rate movements is relative potential output. Since this variable is unobservable, cyclical and potential output are estimated in...
Persistent link: https://www.econbiz.de/10010320767
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The Equilibrium Rate of Unemployment and the Real Exchange Rate: An Unobserved Components System Approach
Lindblad, Hans; Sellin, Peter - 2003
We set up and estimate a structural unobserved components open economy model for the rate of unemployment and the real exchange rate in Sweden. This approach enables us to simultaneously determine changes in both cyclical and equilibrium rates. Our results show that the Natural Rate/NAIRU has...
Persistent link: https://www.econbiz.de/10010321250
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The equilibrium rate of unemployment and the real exchange rate : an unobserved components system approach
Lindblad, Hans; Sellin, Peter - 2003
We set up and estimate a structural unobserved components open economy model for the rate of unemployment and the real exchange rate in Sweden. This approach enables us to simultaneously determine changes in both cyclical and equilibrium rates. Our results show that the Natural Rate/NAIRU has...
Persistent link: https://www.econbiz.de/10011583137
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Оценивание равновесного реального обменного курса российского рубля
Shumilov, Andrei; Sosunov, Kirill - Volkswirtschaftliche Fakultät, … - 2005
Following methodological approach proposed by Edwards, the paper estimates empirically Russia's equilibrium real exchange rate (ERER) for the period 1995–2003. ERER is defined as the relative price of non-tradables to tradables consistent with the simultaneous achievement of internal and...
Persistent link: https://www.econbiz.de/10011259205
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Estimating the Equilibrium Real Exchange Rate for Namibia
Eita, J. H.; Sichei, Moses M. - Department of Economics, Faculty of Economic and … - 2006
This paper estimates the equilibrium real exchange rate and the resulting real exchange rate misalignment in Namibia during the period 1970 to 2004. The equilibrium real exchange rate is determined by trade and exchange restrictions (openness), terms of trade and ratio of investment to GDP. An...
Persistent link: https://www.econbiz.de/10005773205
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A Simultaneous Model of the Swedish Krona, the US Dollar and the Euro
Lindblad, Hans; Sellin, Peter - Sveriges Riksbank - 2006
In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro. A prime candidate for explaining the exchange rate movements is relative potential output. Since this variable is unobservable, cyclical and potential output are estimated in...
Persistent link: https://www.econbiz.de/10005190802
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The Equilibrium Rate of Unemployment and the Real Exchange Rate: An Unobserved Components System Approach
Lindblad, Hans; Sellin, Peter - Sveriges Riksbank - 2003
We set up and estimate a structural unobserved components open economy model for the rate of unemployment and the real exchange rate in Sweden. This approach enables us to simultaneously determine changes in both cyclical and equilibrium rates. Our results show that the Natural Rate/NAIRU has...
Persistent link: https://www.econbiz.de/10005423757
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Misalignment under different exchange rate regimes: the case of Turkey
Dağdeviren, Sengül; Ogus Binatli, Ayla; Sohrabji, Niloufer - Volkswirtschaftliche Fakultät, … - 2011
The paper examines misalignment of the Turkish lira between 1998 to 2008. Misalignment, specifically overvaluation has been linked to fixed exchange rate regimes. By studying the case of Turkey during this period which covers both a fixed and floating exchange rate regime, we contribute to the...
Persistent link: https://www.econbiz.de/10011111300