Real exchange rate misalignment and redistribution
نویسندگان
چکیده
منابع مشابه
Investigate the Real Effective Exchange Rate Misalignment in OPEC Member Countries
The effective real exchange rate is one of the variables that can Misalignment from equilibrium values, Performance affects macroeconomic indicators and creates an unstable and uncertain environment in the economy. Therefore, in order to investigate the factors affecting the real effective exchange rate Misalignment in OPEC member countries during the period 1980-1980, first, in the framework o...
متن کاملMeasuring the Real Exchange Rate Misalignment and the Factors Affecting it in the OPEC Member Countries (Emphasizing on the Capital Account Openness and Exchange Rate Flexibility)
Changes in the real exchange rate affect a country's balance of payments and international competitiveness, and its misalignment from the long-run equilibrium level usually creates imbalances in the macro economy. This is also important in countries with oil resources due to their foreign trade structure. Accordingly, due to the existence of few internal studies on the subject in selected count...
متن کاملInvestigating the Short- run and Long-run Causality Relationship between the Exchange Rate Regime and the Real Exchange Rate Misalignment in the OPEC Countries
Real exchange rate misalignment means that the real exchange rate deviates from its equilibrium level and is the cause of many domestic and global economic problems. This index is considered as an important indicator in foreign competition and in case of adopting an inappropriate exchange rate regime; it may create economic instability and affect economic performance. This issue is important in...
متن کاملExchange Rate Misalignment Estimates – Sources of Differences*
We investigate the implications of the new price information in the latest International Comparison Program (ICP) survey for evaluating the year 2005 exchange rate misalignment estimates. A decomposition exercise reveals that the misalignment revisions are substantially affected by the ICP price updates. Two measurement-related and four economic factors are used to explain the differences in mi...
متن کاملA Panel Data Investigation of Real Exchange Rate Misalignment and Growth
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real exchange rate, with different model specification, in order to produce estimates of the equilibrium real exchange rate and this is then used to construct ou...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1997
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(96)00038-4