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Modeling the Real Effective Exchange Rate of UK on the basis of theory of BEER(behavioral equilibrium exchange rate) using VECM

Author

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  • Zhantleuova A.K.

    (National Bank of Kazakhstan)

Abstract

The exchange rate, or precisely the purchasing power of the national currency, plays a crucial role in the well-being of the nation. That is why the dynamic of it is one of the main focus of majority economists. There are various ways and attempts to develop the model that are capable to explain the fluctuations and possible help to predict its future dynamics. BEER model is one of them.

Suggested Citation

  • Zhantleuova A.K., 2020. "Modeling the Real Effective Exchange Rate of UK on the basis of theory of BEER(behavioral equilibrium exchange rate) using VECM," Economic Review(National Bank of Kazakhstan), National Bank of Kazakhstan, issue 3, pages 37-47.
    • Handle: RePEc:aob:journl:y:2020:i:3:p:37-47
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    File URL: https://nationalbank.kz/file/download/60065
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    More about this item

    Keywords

    real effective exchange rate; BEER model; VECM; реальный эффективный обменный курс; модель поведенческого обменного курса;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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