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Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 4/2005
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
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.
Schlagwörter: 
equilibrium exchange rate
Balassa-Samuelson effect
meta-analysis
JEL: 
C15
E31
F31
O11
P17
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
951-686-994-7
Dokumentart: 
Working Paper

Datei(en):
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