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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | MacDonald, Ronald | en |
dc.date.accessioned | 2009-01-28T15:59:13Z | - |
dc.date.available | 2009-01-28T15:59:13Z | - |
dc.date.issued | 2000 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19531 | - |
dc.description.abstract | In this paper we present a critical overview of differnt methods of constructing an equilibrium exchange rate. The recent literature on purchasing power parity (PPP) indicates that on its own PPP is not a good vehicle for defining an equilibrium exchange rate. Rather, we argue that the latter can only be recover from a model in which the real determinants of exchange rates are explicitly modelled. The advantages and disadvantages of various such models are discussed. In particular, the internal-external balance approach to defining an equilibrium real exchange rate is disccused, and this method is compared to the so-called behavioural equilibrium approach. Finally, an approach which uses purely time series methods to construct an equilibrium exchange rate is also discussed. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2000,03 | en |
dc.subject.jel | F31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Equilibrium Exchange Rates | en |
dc.subject.keyword | Purchasing Power Parity | en |
dc.subject.keyword | Real Exchange Rate Models | en |
dc.subject.stw | Wechselkurstheorie | en |
dc.subject.stw | Gleichgewicht | en |
dc.subject.stw | Kaufkraftparität | en |
dc.subject.stw | Ökonometrisches Modell | en |
dc.subject.stw | Theorie | en |
dc.title | Concepts to Calculate Equilibrium Exchange Rates: An Overview | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 847032027 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:4139 | en |
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