Equilibrium Exchange Rates: Assessment Methodologies

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Real Exchange Rate Misalignments in the Euro Area (2020, unknown): “In its most popular applications (Isard 2007; Lee et al. 2008; Cline and Williamson 2010), the FEER method is based on a partial equilibrium model and, in particular, on the computation of the REER adjustment required to close the gap between the cyclically-adjusted current account and the current…”
Global crises and populism: the role of Eurozone institutions* (2019, methodology): “Computing the latter is not trivial and different methodologies seem to give different results (see Isard, 2007).”