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Taux de change d’équilibre et mesure de la compétitivité au sein de la zone euro

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Abstract

L’évolution du taux de change peut être un indicateur de déséquilibres macroéconomiques. L’estimation du taux de change d’équilibre reste toutefois un exercice difficile et plusieurs approches sont proposées par la littérature. L’application de ces méthodes aux pays de la zone euro à partir de 2000 montre que l’analyse de cet indicateur garde toute sa pertinence au sein d’une union monétaire.

Suggested Citation

  • Durand, C. & Lopez, C., 2012. "Taux de change d’équilibre et mesure de la compétitivité au sein de la zone euro," Bulletin de la Banque de France, Banque de France, issue 190, pages 125-134.
    • Handle: RePEc:bfr:bullbf:2012:190:09
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    1. Cyriac Guillaumin & Salem Boubakri & Alexandre Silanine, 2020. "Do commodity price volatilities impact currency misalignments in commodity-exporting countries?," Economics Bulletin, AccessEcon, vol. 40(2), pages 1727-1739.

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    More about this item

    Keywords

    taux de change d’équilibre; compétitivité; inflation; zone euro.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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