real exchange rate equilibrium
A real differential view of equilibrium real exchange rate
... of real exchange rates (as in Betts and Devereux ...CPI real exchange rates and this seems inconsistent, at least, with the PTM story since it would imply that their is a one-to-one ...
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General Equilibrium Model of Arbitrage Trade and Real Exchange Rate Persistence
... Firms in the second model also pay a quadratic adjustment cost if they change their vol- ume of trade from one period to the next. Adjustment costs arise from additional legal and infrastructure expenses or search costs, ...
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The Real Effective Exchange Rate Misalignment: Application of Behavioral Equilibrium Exchange Rate BEER to Algeria 1980-2009
... behavioral exchange rate (BEER) ...the equilibrium exchange rate is determined by appropriate set of explanatory ...of real exchange rate economics is well known, ...
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The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
... the real equilibrium exchange rate, this paper evaluates the countries’ real exchange rate misalignments during the past three ...the exchange rates in Morocco and ...
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The impact of the real exchange rate on non oil exports Is there an asymmetric adjustment towards the equilibrium?
... the exchange rate on the non-oil export in the framework of cointegration and asymmetric adjustment will be the first study in the area of oil-based economies of the ...of exchange rate on ...
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Real exchange rate dynamics in transition economies : a nonlinear analysis
... statistically insignificantly different from zero, so that adjustment toward long-run equilibrium in the model occurs purely in a nonlinear fashion. The coefficient associated with the nonlinear error correction ...
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Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments: evidence from the CEMAC zone
... the exchange rates suggest that adjustments will restore the long-run ...long-run equilibrium to a new ...fixed exchange rate regimes can be sustainable as long as actual deviations from ...
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Determinants of real exchange rate misalignment: An empirical analysis for MENA region
... the real exchange rate and its determinants for the MENA ...the real exchange rate from its equilibrium level, unlike volatility which is defined as fluctuations that are ...
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Equilibrium Exchange Rates in EU New Members: Applicable for Setting the ERM II Central Parity?
... nominal exchange rate in order to eliminate cross4country commodity ...their real exchange rates, as described by the Balassa– Samuelson ...
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Non Linear Adjustment in the MLR Condition: Evidence from Threshold Cointegration
... long-run equilibrium relationship between real net exports and exchange rate in Morocco by threshold cointegration ...toward equilibrium above an appropriately threshold parameter, ...
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The Eurozone’s Equilibrium Real Exchange Rates
... the real exchange rates in the several indi- vidual Eurozone countries and to estimate their “equilib- rium” ...diverging real exchange rates ...the equilibrium real ...
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Modelling Currency Crises in Nigeria: An Application of Logit Model
... on real exchange rate misalignment (RER Misalignment) was based on computed deviations of the actual real exchange rate from its long run equilibrium ...on exchange ...
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Impact of real and nominal factors on long run equilibrium in Real Effective Exchange Rate (REER) in Pakistan
... the real and nominal shocks together without further bifurcation, which may be useful in imposing restrictions but this could have resulted in lower magnitudes of ...
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Equilibrium exchange rate theories under flexible exchange rate regimes
... an equilibrium condition exists, in which there is internal and external equilibrium with fixed ...flexible exchange rate regime with perfect capital mobility, there is a monetary expansion, ...
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Equilibrium and Disequilibrium Exchange Rate: Case of Rupiah Exchange Rate
... In equilibrium theory framework, economic theory predicts the real disruption on supply and demand of goods led to changes in relative prices, including ...nominal exchange rate. Such ...
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Approaching a problem of the long run real equilibrium exchange rate of Polish zloty while entering the ERM 2 and Euro zone
... variable F guarantees convergence of consumption in a long period to its steady state (growth in F causes contraction at the part of consumption and, in effect, growth of savings what stabilises F ). The assumption of ...
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Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria
... paper, real exchange rate is assumed to follow the path dictated by economic fundamentals, that is, while real exchange rate (rer) remains the only endogenous cum exogenous ...
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Estimating Namibias Equilibrium Real Exchange Rate
... Namibia’s real exchange rate are limited, there are notable studies such as Eita and Jordaan (2013) and Miyajima ...the real exchange rate as a function of ...with real ...
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Examining measures of the equilibrium Real Exchange Rate: Macroeconomic Balance and the Natural Real Exchange Rate Approaches
... the rate that would be actualized if unemployment was at its natural level and speculative and cyclical market factors were removed (Siregar and Rajan, ...sustainable rate that satisfies a myriad of ...this ...
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The equilibrium real exchange rate of China: a productivity approach
... that exchange rates depend upon a country’s productivity growth, and this effect is dubbed the Balassa-Samuelson ...the real exchange rate movements of China vis-a-vis the ...the real ...
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