Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments: Evidence from the CEMAC Zone
نویسندگان
چکیده
منابع مشابه
Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments: evidence from the CEMAC zone
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to 2009. Our findings suggest that for majority of countries, macroeconomic fundamentals have the expected...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2529450