The Exchange Rate Macroeconomic Balance Approach: New Methodology and Results for the Euro, the Dollar, the Yen and the Pound Sterling
Author
Abstract
Suggested Citation
DOI: 10.1023/A:1022314013924
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Cécile Couharde & Didier Borowski, 2003. "The Exchange Rate Macroeconomic Balance Approach: New Methodology and Results for the Euro, the Dollar, the Yen and the Pound sterling," Post-Print halshs-00119117, HAL.
References listed on IDEAS
- Paul R. Krugman, 1985.
"Is the strong dollar sustainable?,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 103-155.
- Paul R. Krugman, 1985. "Is the Strong Dollar Sustainable?," NBER Working Papers 1644, National Bureau of Economic Research, Inc.
- Didier Borowski & Cecile Couharde, 1999. "Quelle parite d'equilibre pour l'euro ?," Economie Internationale, CEPII research center, issue 77, pages 21-44.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1996. "Sustainability of Persistent Current Account Deficits," NBER Working Papers 5467, National Bureau of Economic Research, Inc.
- Milesi-Ferretti, G-M & Razin, A, 1996.
"Current-Account Sustainability,"
Princeton Studies in International Economics
81, International Economics Section, Departement of Economics Princeton University,.
- Milesi-Ferreti, Gian Maria & Razin, Assaf, 1996. "Current account sustainability," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34294, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- William Ellery Channing, 1994. "Change," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(1), pages 15-15, January.
- Carsten Detken & Alistair Dieppe & Jérôme Henry & Frank Smets & Carmen Marin, 2002. "Determinants of the Effective Real Exchange Rate of the Synthetic Euro: Alternative Methodological Approaches," Australian Economic Papers, Wiley Blackwell, vol. 41(4), pages 404-436, December.
- Ms. Susana Garcia Cervero & J. Humberto Lopez & Mr. Enrique Alberola Ila & Mr. Angel J. Ubide, 1999.
"Global Equilibrium Exchange Rates: Euro, Dollar, “Ins,” “Outs,” and Other Major Currencies in a Panel Cointegration Framework,"
IMF Working Papers
1999/175, International Monetary Fund.
- Enrique Alberola & Susana G. Cervero & Humberto Lopez & Angel Ubide, 2000. "Global Equilibrium Exchange Rates: Euro, Dollar, "Ins," "Outs," and Other Major Currencies in a Panel Cointegration Framework," Econometric Society World Congress 2000 Contributed Papers 0051, Econometric Society.
- Catherine L. Mann, 1999. "Is the U.S. Trade Deficit Sustainable?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 47, January.
- John Williamson, 1994. "Estimating Equilibrium Exchange Rates," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 17, January.
- Vincent Koen & Laurence Boone & Alain de Serres & Nicola Fuchs, 2001. "Tracking the Euro," OECD Economics Department Working Papers 298, OECD Publishing.
- Barrell, Ray & Wren-Lewis, Simon, 1989. "Fundamental Equilibrium Exchange Rates for the G7," CEPR Discussion Papers 323, C.E.P.R. Discussion Papers.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kateřina Šmídková & Ray Barrell & Dawn Holland, 2003.
"Estimates of fundamental real exchange rates for the five eu pre-accession countries,"
Prague Economic Papers, Prague University of Economics and Business, vol. 2003(4), pages 291-315.
- Katerina Smidkova & Ray Barrell & Dawn Holland, 2002. "Estimates of Fundamental Real Exchange Rates for the Five EU Pre-Accession Countries," Working Papers 2002/03, Czech National Bank.
- Ray Barrell & Dawn Holland & Katerina Smidkova, 2003. "Estimates of Fundamental Real Echange Rates for the Five EU Pre- Accession Countries," Macroeconomics 0303016, University Library of Munich, Germany.
- Virginie Coudert & Cécile Couharde, 2009.
"Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries,"
Review of International Economics, Wiley Blackwell, vol. 17(1), pages 121-136, February.
- Virginie Coudert & Cécile Couharde, 2008. "Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries," Working Papers 2008-07, CEPII research center.
- Carton, Benjamin & Hervé, Karine, 2012.
"Estimation of consistent multi-country FEERs,"
Economic Modelling, Elsevier, vol. 29(4), pages 1205-1214.
- Benjamin Carton & Karine Hervé, 2010. "Estimation of Consistent Multi-Country FEERs," Working Papers 2010-02, CEPII research center.
- Katerina Smidkova, 2003. "Estimating the FEER for the Czech Economy," Macroeconomics 0303014, University Library of Munich, Germany.
- Rubaszek, Michal, 2005.
"Fundamental equilibrium exchange rate for the Polish zloty,"
MPRA Paper
126, University Library of Munich, Germany.
- Michal Rubaszek, 2005. "Fundamental equilibrium exchange rate for the Polish zloty," NBP Working Papers 35, Narodowy Bank Polski.
- Reza Siregar, 2011.
"The Concepts of Equilibrium Exchange Rate: A Survey of Literature,"
Staff Papers,
South East Asian Central Banks (SEACEN) Research and Training Centre, number sp81, April.
- Siregar, Reza, 2011. "The Concepts of Equilibrium Exchange Rate: A Survey of Literature," MPRA Paper 28987, University Library of Munich, Germany.
- Coudert, Virginie & Couharde, Cecile, 2007. "Real equilibrium exchange rate in China is the renminbi undervalued?," Journal of Asian Economics, Elsevier, vol. 18(4), pages 568-594, August.
- Ronald MacDonald, 2002.
"Modelling the Long–run Real Effective Exchange Rate of the New Zealand Dollar,"
Australian Economic Papers, Wiley Blackwell, vol. 41(4), pages 519-537, December.
- Ronald MacDonald, 2001. "Modelling the long-run real effective exchange rate of the New Zealand Dollar," Reserve Bank of New Zealand Discussion Paper Series DP2002/02, Reserve Bank of New Zealand.
- Yasser Abdih & Charalambos Tsangarides, 2010.
"FEER for the CFA franc,"
Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 2009-2029.
- Mr. Charalambos G Tsangarides & Mr. Yasser Abdih, 2006. "FEER for the CFA Franc," IMF Working Papers 2006/236, International Monetary Fund.
- Francois Gurtner, 2002. "Currency Board and Debt Trap: Evidence from Argentina and Relevance for Estonia," CERT Discussion Papers 0204, Centre for Economic Reform and Transformation, Heriot Watt University.
- Aleksander Aristovnik, 2005. "Current Account Reversals In Selected Transition Countries," International Finance 0510021, University Library of Munich, Germany.
- Balázs Égert & László Halpern & Ronald MacDonald, 2006.
"Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues,"
Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 257-324, April.
- Halpern, László & Égert, Balázs & MacDonald, Ronald, 2004. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," CEPR Discussion Papers 4809, C.E.P.R. Discussion Papers.
- Balázs Égert & László Halpern & Ronald MacDonald, 2005. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," Working Papers 106, Oesterreichische Nationalbank (Austrian Central Bank).
- Bal??zs ??gert, & L??szl?? Halpern & Ronald MacDonald, 2005. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," William Davidson Institute Working Papers Series wp793, William Davidson Institute at the University of Michigan.
- Rebecca L Driver & Peter F Westaway, 2005. "Concepts of equilibrium exchange rates," Bank of England working papers 248, Bank of England.
- Kateřina Šmídková & Aleš Bulíř, 2005. "Would Fast Sailing Towards the Euro Be Smooth? What Fundamental Real Exchange Rates Tell Us," Prague Economic Papers, Prague University of Economics and Business, vol. 2005(4), pages 291-316.
- Parantap Basu & Yoseph Getachew, 2020.
"Redistributive innovation policy, inequality, and efficiency,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(3), pages 532-554, June.
- Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," CEGAP Working Papers 2017_02, Durham University Business School.
- Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
- Guy Debelle & Gabriele Galati, 2007.
"Current Account Adjustment and Capital Flows,"
Review of International Economics, Wiley Blackwell, vol. 15(5), pages 989-1013, November.
- Gabriele Galati & Guy Debelle, 2005. "Current account adjustment and capital flows," BIS Working Papers 169, Bank for International Settlements.
- Abdul Qayyum & Muhammad Arshad Khan & Khair-U-Zaman, 2004.
"Exchange Rate Misalignment in Pakistan: Evidence from Purchasing Power Parity Theory,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 721-735.
- qayyum, Abdul & Khan, Arshad & Zaman, Kair-u, 2004. "Exchange Rate Misalignment in Pakistan: Evidence from Purchasing Power Parity Theory," MPRA Paper 2148, University Library of Munich, Germany, revised 2004.
- Catherine L. Mann, 2002. "Perspectives on the U.S. Current Account Deficit and Sustainability," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 131-152, Summer.
- Gilles Dufrenot & Laurent Mathieu & Valerie Mignon & Anne Peguin-Feissolle, 2006.
"Persistent misalignments of the European exchange rates: some evidence from non-linear cointegration,"
Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 203-229.
- G. Dufrenot & L. Mathieu & V. Mignon, & A. Peguin-Feissolle, 2002. "Persistent misalignments of the European exchange rates : some evidence from nonlinear cointegration," THEMA Working Papers 2002-29, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Gilles Dufrénot & Laurent Mathieu & Valérie Mignon & Anne Peguin-Feissolle, 2006. "Persistent misalignments of the European exchange rates: some evidence from non-linear cointegration," Post-Print halshs-00256876, HAL.
- Gilles DUFRENOT & Laurent MATHIEU & Val=E9rie MIGNON & Anne PEGUIN-FEISSOLE, 2003. "Persistent misalignments of the European exchanges rates: some evidence from nonlinear cointegration," International Finance 0309003, University Library of Munich, Germany.
- Benjamin Carton & Karine Hervé, 2013. "Is There any Rebalancing in the Euro Area?," Working Papers 2013-32, CEPII research center.
More about this item
Keywords
equilibrium exchange rate; macroeconomic balance approach; current account sustainability;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:openec:v:14:y:2003:i:2:p:169-190. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.