How frequent a BEER? Assessing the impact of data frequency on real exchange rate misalignment estimation

نویسندگان

چکیده

This article explores the robustness of Behavioural Equilibrium Exchange Rate models, employed to estimate real effective exchange rate misalignments, frequency underlying data. It compares misalignments stemming from an annual model, estimated since 1980, and a comparable quarterly 1999. The two sets estimates are similar. Moreover, in-sample power REER in explaining subsequent developments is higher than that estimates. therefore suggests “optimal” BEER model depends on whether its resulting for research purposes or policy-making activities.

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ژورنال

عنوان ژورنال: Scottish Journal of Political Economy

سال: 2021

ISSN: ['0036-9292', '1467-9485']

DOI: https://doi.org/10.1111/sjpe.12274