publication . Article . 2012

On equilibrium real exchange rates in euro area: Special focus on behavioral equilibrium exchange rates in Ireland and Greece

Klára Plecitá; Luboš Střelec;
Open Access English
  • Published: 01 Jan 2012 Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, volume 60, issue 2, pages 261-270 (issn: 1211-8516, eissn: 2464-8310, Copyright policy)
  • Publisher: Mendel University Press
<jats:p>This paper focuses on the intra-euro-area imbalances. Therefore the first aim of this paper is to identify euro-area countries exhibiting macroeconomic imbalances. The subsequent aim is to estimate equilibrium real exchange rates for these countries and to compute their degrees of real exchange rate misalignment. The intra-area balance is assessed using the Cluster Analysis and the Principle Component Analysis; on this basis Greece and Ireland are selected as the two euro-area countries with largest imbalances in 2010. Further the medium-run equilibrium exchange rates for Greece and Ireland are estimated applying the Behavioral Equilibrium Exchange Rate ...
Persistent Identifiers
free text keywords: equilibrium exchange rate, BEER, PEER, macroeconomic balance, Ireland, Greece, General Agricultural and Biological Sciences, lcsh:Agriculture, lcsh:S, lcsh:Biology (General), lcsh:QH301-705.5, Equilibrium exchange, Monetary economics, Economics, Irish, language.human_language, language, International economics, Exchange rate
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