Estimating the Equilibrium Real Exchange Rate : An Application to Finland

An Application to Finland

Estimating the Equilibrium Real Exchange Rate : An Application to Finland
An equilibrium exchange rate is here defined as the level that is consistent with simultaneous internal and external balances as specified in Montiel (1996). Exogenous "fundamental" variables determining these balances are identified. Along the lines of Edwards (1994), a reduced form is estimated with the cointegration technique for Finland for... READ MORE...

Publication date: September 1997
ISBN 9781451853179
$15.00

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