Modelling the Long–run Real Effective Exchange Rate of the New Zealand Dollar
Year: 2002
Type: article
Abstract: In this paper we use the behavioural and permanent equilibrium exchange rate approaches to produce long–run equilibrium exchange rates for the effective real exchange rates of the New Zealand dollar. We demonstrate that a well founded measure of the equilibrium value of the dollar may be recovered from a relatively small set of fundamental variables and that this can be used to produce an assessment of the dollar in terms of periods of misalignment.
Source: Australian Economic Papers
Author: Ronald MacDonald
Institution: University of Strathclyde
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3122153120