Equilibrium Exchange Rates photograph

Equilibrium Exchange Rates

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Originally published July 31, 1999
EditorsJerome Leon Stein
Ronald MacDonald
Date of Reg.
Date of Upd.
ID1982008
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About Equilibrium Exchange Rates


How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? . . .

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