Estimating the equilibrium real exchange rate in Venezuela.

Article, Research, Preprint OPEN
Bjørnland, Hilde C.;
(2003)
  • Publisher: Oslo: University of Oslo, Department of Economics
  • Journal: Economics Bulletin,volume 6,issue 6,pages1-8
  • Subject: Exchange rate fluctuations | C32 | E32 | F31 | structural VAR | Kaufkraftparität | Exchange rate fluctuations; purchasing power parity; structural VAR | purchasing power parity | Venezuela | VAR-Modell
    • jel: jel:E32 | jel:F31 | jel:C32 | jel:F3
      ddc: ddc:330

To determine whether the real exchange rate is misaligned with respect to its long-run equilibrium is an important issue for policy makers. This paper clarifies and calculates the concept of the equilibrium real exchange rate, using a structural vector autoregression (V... View more
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