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In Search of Equilibrium Estimating Equilibrium Real Exchange Rates in Sub-Saharan African Countries

This paper presents a methodology to estimate equilibrium real exchange rates (ERER) for Sub-Saharan African (SSA) countries using both single-country and panel estimation techniques. The limited data set hinders single-country estimation for most countries in the sample, but panel estimates are sta...

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Bibliographic Details
Main Author: Mongardini, Joannes
Other Authors: Chudik, Alexander
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Nternational Cooperation
Government Consumption
Currency
International Economics
Diffusion Processes
Terms Of Trade
Real Exchange Rates
Foreign Exchange
Macroeconomics
Estimation Techniques
Exports And Imports
Information Management
Empirical Studies Of Trade
Economic Policy
Technological Change: Choices And Consequences
Wealth
Econometrics
Saving
Macroeconomics: Consumption
Consumption
Econometric Models
Estimation
Econometrics & Economic Statistics
Economics
Technology Transfer
Knowledge Management
Burkina Faso
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper presents a methodology to estimate equilibrium real exchange rates (ERER) for Sub-Saharan African (SSA) countries using both single-country and panel estimation techniques. The limited data set hinders single-country estimation for most countries in the sample, but panel estimates are statistically and economically significant, and generally robust to different estimation techniques. The results replicate well the historical experience for a number of countries in the sample. Panel techniques can also be used to derive out of sample estimates for countries with a more limited data set
Physical Description:39 pages
ISBN:9781451866544

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