Search Results - subject:"Real exchange rate misalignment"

External Performance in Low-Income Countries

Prati, Alessandro; Ricci, Luca Antonio; Christiansen, … - International Monetary Fund (IMF) - 2011

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and...

Persistent link: https://www.econbiz.de/10010790491

An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy

Poghosyan, Tigran; Beidas-Strom, Samya - International Monetary Fund (IMF) - 2011

This paper presents and estimates a small open economy dynamic stochastic general-equilibrium model (DSGE) for the Jordanian economy. The model features nominal and real rigidities, imperfect competition and habit formation in the consumerâ€™s utility function. Oil imports are explicitly...

Persistent link: https://www.econbiz.de/10008839360

A panel data investigation of real exchange rate misalignment and growth

MacDonald, Ronald; Vieira, Flávio - 2010

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries … this is then used to construct measures of real exchange rate misalignment. We also provide an alternative set of estimates … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …

Persistent link: https://www.econbiz.de/10010270496

Is the Chinese currency substantially misaligned to warrant further appreciation?

Qin, Duo; He, Xinhua - 2010

This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our...

Persistent link: https://www.econbiz.de/10010299940

Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates

Hossfeld, Oliver - 2010

We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully...

Persistent link: https://www.econbiz.de/10011345474