Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212556
Authors: 
Égert, Balázs
Halpern, László
Year of Publication: 
2005
Series/Report no.: 
BOFIT Discussion Papers No. 4/2005
Abstract: 
This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis.The results indicate that the real misalignments reported in the literature are systematically influenced, inter alia, by the underlying theoretical concepts (Balassa-Samuelson effect, Behavioural Equilibrium Exchange Rate, Fundamental Equilibrium Exchange Rate) and by the econometric estimation methods.The important implication of these findings is that a systematic analysis is needed in terms of both alternative economic and econometric specifications to assess equilibrium exchange rates.
Subjects: 
equilibrium exchange rate
Balassa-Samuelson effect
meta-analysis
JEL: 
C15
E31
F31
O11
P17
Persistent Identifier of the first edition: 
ISBN: 
951-686-994-7
Document Type: 
Working Paper

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