Estimating Equilibrium Exchange Rates

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The problems of exchange rate misalignments and the resulting payments imbalances have plagued the world economy for decades. At the Louvre Accord of 1987, the

Equilibrium Exchange Rates

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How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilib

Global Equilibrium Exchange Rates

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This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. Th

A Network Model of Multilaterally Equilibrium Exchange Rates

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This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological component into the exchange rate analysis,

Estimating the Equilibrium Real Exchange Rate

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An equilibrium exchange rate is here defined as the level that is consistent with simultaneous internal and external balances as specified in Montiel (1996). Ex