Exchange Rates and Economic Fundamentals: A Methodological Comparison of BEERs and FEERs
Опубликовано на портале: 10-12-2003
IMF Working Paper Series.
1998.
No. 98/67.
Тематический раздел:
This paper compares two approaches for examining the extent to which a country's
actual real effective exchange rate is consistent with economic fundamentals: the
PEER approach, which involves calculating the real exchange rate that equates the
current account at full employment with sustainable net capital flows, and the BEER
approach, which uses econometric methods to establish a behavioral link between the
real rate and relevant economic variables. An exchange rate model is estimated for
the G-3 currencies to provide illustrative comparisons of BEERs and FEERs.
Ключевые слова
См. также:
Journal of Econometrics.
1988.
Vol. 37.
No. 1.
P. 135-157.
[Статья]
IMF Working Paper Series.
1998.
No. 98/117 .
[Статья]
Oxford Bulletin of Economics and Statistics.
1970.
Vol. 52.
No. 2.
P. 169-210.
[Статья]
Review of Economics and Statistics.
1996.
Vol. 78.
No. 1.
P. 94-122.
[Статья]
International Economic Review.
1990.
Vol. 31.
No. 2.
P. 469-489.
[Статья]