Škop, Jiří; Vejmělek, Jan - In: Politická ekonomie 2009 (2009) 3, pp. 323-343
The exchange rate cannot significantly diverge from a (real) long-term equilibrium level consistent with the … inflation. The paper focuses on different methods of how to measure the long-term equilibrium exchange rate. After a brief … determinants of the current long-term equilibrium appreciation? What is the current value of the equilibrium exchange rate and the …