Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues

290 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The Time-Varying Policy Neutral Rate in Real Time: A Predictor for Future Inflation? (2009, background): “Analogously, it is a well-documented empirical regularity that these countries exhibit real equilibrium exchange rate appreciation (see Égert et al., 2006 for a comprehensive 1 The Czech Republic and Poland adopted inflation targeting in 1998, followed by Hungary in 2001, Romania and Slovakia in…”
Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges? (2006, background): “6 The empirical literature has been long stressing that nominal exchange rates and thus the real exchange rate of the open sector dominate changes in the overall real exchange rate of industrialized countries (Mussa, 1986; Engel, 1993, 1999; and Monacelli, 2004). Canzoneri, Cumby and Diba (1999) pro”
Dutch Disease Scare in Kazakhstan: Is it real? (2008, background): “Second, PPP fails not only for the overall real exchange rate but also for the real exchange rate of the open sector (crucial for establishing the relationship between the exchange rate and money demand) as documented in, e.g., Egert et al. (2006a) .”