Exchange Rate Assessments; CGER Methodologies

By Jaewoo Lee, Jonathan D. Ostry, A. Prati, Luca A Ricci, G. Milesi-Ferretti. 2008

256 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/fe9bd52a85d5e20074f9a4c614ac87f1c6039587

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Citations in the corpus

External Liabilities and Crises (2013, unknown): “estimation of current account “norms” implemented in the IMF (see Lee et al., 2008 http://www.imf.org/external/np/res/eba/). The approach hinges on the inter-temporal Saving–Investment model starting with Obstfeld and Rogoff (1996), empirically implemented and extended in several subsequent contribu”
The External Balance Assessment (EBA) Methodology (2013, methodology): “6 This literature includes the work on the CGER predecessor to EBA (Lee et al. (2008)), and for example, Blanchard (2007), Chinn and Prasad (2003), Chinn, Eichengreen, and Ito (2007, 2011), Debelle and Faruqee (1996), de Santis, Finicelli, and Veronese (2011), Gruber and Kamin (2007, 2008), and…”
The relationship between exchange rates and international trade: a literature review (2013, unknown): “A misalignment is then the deviation of the actual level from this equilibrium exchange rate (e.g. Razin and Collins, 1999; Lee et al., 2008).”
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…”
Current Account Imbalances in the Southern Euro Area (2010, background): “In 4 Consultative Group on Exchange Rate Issues (CGER), see Lee et al. (2008).”
2009 Estimates of Fundamental Equilibrium Exchange Rates (2009, methodology): “These results average to a current account target of +0. percent of GDP for advanced countries in Europe, –.9 percent of GDP for all other advanced countries (dominated by the United States), +. percent for emerging markets in Asia, –0. percent for Latin America, and –2.8 percent for Central and Eas”
Commodity Price Volatility and the Sources of Growth (2012, unknown): “14 See, for instance, Levine et al. (2000) and Aghion et al.”
Revisiting the Twin Deficits Hypothesis: The Effect of Fiscal Consolidation on the Current Account (2011, methodology): “…approach involves regressions of the current account 1 See, for example, Abbas et al. (2010), Alesina, Gruen and Jones (1991), Bernheim (1988), Bussière, Fratzscher and Müller (2010), Chinn and Ito (2005), Chinn and Prasad (2003), Gruber and Kamin (2007), Lee et al (2008), and Summers (1986).”
External Adjustment and the Global Crisis (2011, methodology): “In particular, this general approach is also employed by the IMF in assessing mediumterm current account equilibria (see Lee et al 2008).”
'Fiscal Devaluation' and Fiscal Consolidation: The VAT in Troubled Times (2012, methodology): “18 See for example Chin and Prasad (2003), Gruber and Kamin (2007), and Lee et al. (2008). 19 We also ran regressions for an alternative classification of exchange rate regimes, based on Ilzetzki et al.”