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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP323 |
DP323 Fundamental Equilibrium Exchange Rates for the G7 | |
Simon Wren-Lewis; Ray Barrell | |
发表日期 | 1989-06-01 |
出版年 | 1989 |
语种 | 英语 |
摘要 | The Fundamental Equilibrium Exchange Rate (FEER) is the real exchange rate which produces a current account that is exactly matched by equilibrium medium-term capital flows. This paper sets out a small model to calculate FEERs for the G7 from 1971 to 1988. This model's parameters are either directly estimated or derived from the long-run properties of a larger world econometric model, GEM. Particular attention is paid to feedbacks from the FEER to the NAIRU, and interactions between world output, trade and commodity prices. |
主题 | International Macroeconomics |
关键词 | Capital flows Current account Exchange rates |
URL | https://cepr.org/publications/dp323 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529477 |
推荐引用方式 GB/T 7714 | Simon Wren-Lewis,Ray Barrell. DP323 Fundamental Equilibrium Exchange Rates for the G7. 1989. |
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