The Level REER model in the External Balance Assessment EBA Methodology is popular PDF and ePub book, written by Rui Mano in 2019-09-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Level REER model in the External Balance Assessment EBA Methodology can be Read Online from any device for your convenience.
The Level REER model in the External Balance Assessment EBA Methodology Book PDF Summary
This paper offers an empirical model of the drivers of the level of the Real Effective Exchange Rate (REER) that is now part of the IMF’s methodology for the assessment of external positions, including exchange rates. It constructs a measure of the level of the REER and it offers a panel regression that considers a large number of cross-sectional and time varying factors, guided by the extensive literature. Its main contribution is to enhance our understanding of the cross-sectional determinants of the level of the REER, while taking into account the time-series drivers. The framework accounts for the much larger cross-sectional variation of the level REER, and can better explain the time series variation of level REER when these are based on GDP-deflators rather than on consumer price indices. The latter suggest there may be merits to broadening the assessments to include such measures, although further analysis is required.
Detail Book of The Level REER model in the External Balance Assessment EBA Methodology PDF
- Author : Rui Mano
- Release : 13 September 2019
- Publisher : International Monetary Fund
- ISBN : 9781513515038
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 8,7 Mb
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