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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Hlavní autor: Mongardini, Joannes
Další autoři: Chudik, Alexander
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2007.
Edice:IMF Working Papers; Working Paper ; No. 2007/090
On-line přístup:Full text available on IMF
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245 1 0 |a In Search of Equilibrium :   |b Estimating Equilibrium Real Exchange Rates in Sub-Saharan African Countries /  |c Joannes Mongardini, Alexander Chudik. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Chudik, Alexander. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/090 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/090/001.2007.issue-090-en.xml  |z IMF e-Library