EBA-Lite 3.0 Model and Methodology

International Monetary Fund

No 2024/054, IMF Policy Papers from International Monetary Fund

Abstract: The EBA-lite methodology is a key input in external sector assessments for over three-quarters of IMF member countries, representing a broad set of emerging and low-income economies. The EBA-lite methodology is refined periodically, and this paper provides a comprehensive discussion of the current EBA-lite econometric models and framework which is referred to as EBA-lite 3.0. The most recent refinements to the EBA-lite models included data updates, improved construction of model variables, and exclusion of non-robust variables. This paper also updates operational guidance on the complementary EBA-lite tools, such as the external sustainability approach and the modules for commodity exporters.

Keywords: EBA model; model refinement; REER model; REER model caveat; transparency policy; External balance assessment lite (EBA-Lite); Current account; External balance assessment (EBA); Real effective exchange rates; Current account balance; Global (search for similar items in EconPapers)
Pages: 40
Date: 2024-11-18
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