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Stabilization, volatility and the equilibrium real exchange rate
(Escola de Pós-Graduação em Economia da FGV, 1995-11-23)
In a general equilibrium model. we show that the value of the equilibrium real exchange rate is affected by its own volatility. Risk averse exporters. that make their exporting decision before observing the realization of ...
Some notes about the determination of current account equilibrium real exchange rate and the relation between real exchange rate and productive specialization
(2011-08-15)
The objective of these notes is to present a simple mathematical model of the determination of current account real exchange rate as defined by Bresser-Pereira (2010); i.e. the real exchange rate that guarantees the inter ...
ESCAPE CLAUSES AND TARGETING OF THE REAL EXCHANGE RATE: THE CASE OF NOMINAL EXCHANGE RATE PEGGING
(ILADES - Universidad Alberto Hurtado., 2010)
Addressing important econometric issues on how to construct theoretical based exchange rate misalignment estimates
(2015-10-26)
Exchange rate misalignment assessment is becoming more relevant in recent period particularly after the nancial crisis of 2008. There are di erent methodologies to address real exchange rate misalignment. The real exchange ...
The effects of government deficit on equilibrium real exchange rates and stock prices
(Escola de Pós-Graduação em Economia da FGV, 2003-05-15)
This paper studies the effect of government deficits on equilibrium real exchange rates and stock prices. The theoretical part modifies a two-country cash-in-advance model like used in Lucas(1982) and Sargent(1987) in order ...
Escape Clauses and Targeting of the Real Exchange Rate: The Case of Nominal Exchange Rate Pegging
(ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2014)
Desalineamientos de la tasa de cambio en Colombia : estimación de la tasa de cambio real de equilibrio entre 2000-2015
(UniandesMaestría en EconomíaFacultad de Economía, 2015)
En este trabajo, se estima la tasa de cambio real de equilibrio para Colombia por medio de la aproximación de Behavioural Equilibrium Exchange Rate (BEER) usando un modelo VEC. Asimismo, se compara la tasa estimada con la ...