Behavioral Equilibrium Exchange Rates: Re-Estimation for the Euro Area Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43906747" target="_blank" >RIV/62156489:43110/15:43906747 - isvavai.cz</a>
Result on the web
<a href="https://www.fundacionmapfre.org/documentacion/publico/i18n/catalogo_imagenes/grupo.cmd?path=1083273" target="_blank" >https://www.fundacionmapfre.org/documentacion/publico/i18n/catalogo_imagenes/grupo.cmd?path=1083273</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Behavioral Equilibrium Exchange Rates: Re-Estimation for the Euro Area Countries
Original language description
This paper focuses on estimating the long-run determinants of the real effective exchange rates for the euro area countries towards the rest of the euro area over the period 1999-2014. Our approach is based on the Behavioral Equilibrium Exchange Rate (BEER) concept, which uses cointegration to determine the long-run fundamentals of real exchange rates. Terms of trade, relative productivity differential between tradable and non-tradable sector and net foreigner assets are widely used as the main factorsaffecting the intra-euro-area real effective exchange rates. In contrast to the main body of empirical literature our estimates indicate a negative, albeit weak, relationship between net foreigner assets and intra-euro-area real effective exchange rates.Possible explanation for this phenomenon might be the accumulation of economic imbalances across the euro area during the period analyzed.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Current Topics on Risk Analysis: ICRA6 and RISK 2015 Conference
ISBN
978-84-9844-496-4
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
647-654
Publisher name
Fundación Mapfre
Place of publication
Madrid
Event location
Barcelona
Event date
May 26, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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