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The Misalignment of the Real Exchange Rate of the Moroccan Dirham: A Macroeconometric Approach
[Le désalignement du taux de change réel du Dirham marocain : Approche macroéconométrique]

Author

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  • Mohamed Es-Sanoun

    (FSJES-Fès - Faculté des Sciences Juridiques, Economiques et Sociales de Fès, LIREFIMO - Laboratoire Interdisciplinaire de Recherche en Economie, Finance et Management des Organisations - FSJES-Fès - Faculté des sciences Juridiques, Economiques et Sociales de Fès)

  • Mounir Benboubker

    (FSJES-Fès - Faculté des Sciences Juridiques, Economiques et Sociales de Fès, LIREFIMO - Laboratoire Interdisciplinaire de Recherche en Economie, Finance et Management des Organisations - FSJES-Fès - Faculté des sciences Juridiques, Economiques et Sociales de Fès)

Abstract

Ce travail consiste à estimer le taux de change réel d'équilibre (TCRE) au Maroc à travers l'approche économétrique comportementale du taux de change d'équilibre (BEER) à travers un modèle autorégressif à retard échelonné appelé ARDL (Auto Regressive Distributed Lags). Pour le but final de calculer l'ampleur de désalignements du taux de change réel du dirham marocain par rapport à son niveau d'équilibre et de détecter par la suite les périodes de sous ou surévaluation, pour ce faire, nous allons nous baser sur une base de données trimestrielles couvrant la période 2000-2023.

Suggested Citation

  • Mohamed Es-Sanoun & Mounir Benboubker, 2024. "The Misalignment of the Real Exchange Rate of the Moroccan Dirham: A Macroeconometric Approach [Le désalignement du taux de change réel du Dirham marocain : Approche macroéconométrique]," Post-Print hal-04686104, HAL.
    • Handle: RePEc:hal:journl:hal-04686104
    DOI: 10.5281/zenodo.13625033
    Note: View the original document on HAL open archive server: https://hal.science/hal-04686104
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    References listed on IDEAS

    as
    1. Jamal Bouoiyour & Serge Rey, 2005. "Exchange Rate Regime, Real Exchange Rate, Trade Flows and Foreign Direct Investments: The Case of Morocco," African Development Review, African Development Bank, vol. 17(2), pages 302-334.
    2. Hamid Faruqee, 1995. "Pricing to Market and the Real Exchange Rate," IMF Staff Papers, Palgrave Macmillan, vol. 42(4), pages 855-881, December.
    3. Mohamed BOUZAHZAH & Radouane BACHAR, 2014. "Exchange Rate Policy in Morocco and Persistence of Real Exchange Rate Misalignments," International Journal of Economics and Financial Issues, Econjournals, vol. 4(1), pages 122-134.
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    More about this item

    Keywords

    Désalignement/ Mésalignement; taux de change réel; Taux de changed’équilibre; BEER; ARDL; Le Dirham marocain;
    All these keywords.

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