Estimating the Half-Life of Theoretically Founded Real Exchange Rate Misalignments
This paper models empirically the short and long-term behavior of the real exchange rate misalignment -- a key variable in academic and policy circles. The equilibrium real exchange rate is derived from a theoretical model with intertemporal extern...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17582694/estimating-half-life-theoretically-founded-real-exchange-rate-misalignments http://hdl.handle.net/10986/14450 |