Real exchange rates
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Real Exchange Rates and Real Interest Differentials: The Case of a Transitional Economy - Cambodia
... Cambodian real exchange rates are stationary - which is validating the PPP ...market exchange rates on dollarization, and the coefficients are statistically significant only for ...
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Linearity and stationarity of South Asian real exchange rates
... Asian exchange rates in the nonlinear perspective is rare and thus more effort is needed in this ...Asian real exchange rates have to say on this ...Asian real exchange ...
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Are Bilateral Real Exchange Rates Stationary? Revisiting the Evidence from India
... of exchange rates in times of capital flows and its im- pact on exports or even imports is a matter of policy ...bilateral real exchange rates with 16 of its major trading partner ...
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Real Exchange Rates and Productivity: Evidence From Asia
... for real exchange rate misalignment prior to the Asian …nancial ...measuring real exchange rate mis- alignment is that, since the real exchange rate is cointegrated with the ...
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Net foreign assets and real exchange rates revisited
... appreciated real exchange rate in order to induce lower net exports to offset the increased net income flow (Blanchard et ...for real exchange rates by Lane and Milesi-Ferretti (2004) ...
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Real exchange rates and current account imbalances in the Euro-area
... between real exchange rates and current accounts in theoretical models, the lack of empirical evidence on it is surprising, perhaps even more so in context of the ...the real exchange ...
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Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature
... “equilibrium real exchange rate” (ERER). While real exchange rates are mean reverting in the long run, there is ample evidence to suggest that there can be quite significant and ...
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Essays on Real Exchange Rates and Theoretical Monetary Aggregation
... the Real Exchange ...the real exchange rates idiosyncratic dynamics from the contamination of the numeraire country's unexpected ...of real exchange rates is tested ...
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Understanding forecast failure of ESTAR models of real exchange rates
... The objective of this study is twofold. Firstly, we take the well known empirical model of Taylor et al. (2001) and evaluate its forecast performance relative to a simple AR(1) spec- ification over the out-of-sample ...
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On equilibrium real exchange rates in euro area: Special focus on behavioral equilibrium exchange rates in Ireland and Greece
... for real exchange rate ...equilibrium real exchange rates towards the ...the real exchange rate would be needed to bring their real exchange rates ...
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Understanding forecast failure in ESTAR models of real exchange rates
... modelling real exchange rates within a non-linear ESTAR framework, little work appears to have been done with regards to the out-of-sample fore- cast evaluation of these ...foreign exchange ...
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Net Foreign Assets, Productivity and Real Exchange Rates in Constrained Economies
... Empirical evidence suggests that real exchange rates (RER) behave differently in devel- oped and developing countries. We develop an exogenous 2-sector growth model in which RER determination depends ...
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Can producer currency pricing models generate volatile real exchange rates?
... high real exchange rate volatility with full ...volatile real exchange rates in a model with full ...the real exchange rate might lead a researcher to choose too high ...
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External debts and real exchange rates in developing countries: evidence from Chad
... equilibrium real exchange ...equilibrium real exchange rate (see Krugman, 1979), Sargent and Wallace ...and real exchange rate equilibrium is got thru the internalization of the ...
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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 ...equilibrium real ...
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Explaining Real Exchange Rates Fluctuations
... policies, real exchange rates in some accession economies could be driven mostly by real shocks, while in others they could be driven mostly by nominal ...the real exchange rate ...
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Are real exchange rates mean reverting? Evidence from a panel of OECD countries
... of real exchange ...of real exchange rates considering a panel data framework except the case of ADF-Fisher χ 2 test for the quarterly ...
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Real Exchange Rates and Foreign Portfolio Investment
... of real exchange rates is a fundamental puzzle of inter- national economics, and these features are even more pronounced in developing ...purely real model in which foreign investors finance ...
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Estimating Equilibrium Real Exchange Rates of the Rupiah
... in exchange rates, what is the equilibrium of the exchange rates? This question is not unreasonable considering the important roles of the real exchange rate in adjustment ...the ...
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Understanding Movements in Aggregate and Product-Level Real Exchange Rates
... In our model, the close comovement between relative unit labor costs and aggregate RERs for traded goods produced in a common location and sold in multiple regions results from a combination of (i) a demand featuring ...
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