Equilibrium exchange rate and competitiveness within the euro area

C. Durand. and Claude Lopez

Quarterly selection of articles - Bulletin de la Banque de France, 2012, issue 28, 87-100

Abstract: TShifts in exchange rates may indicate macro-economic imbalances. However, estimating equilibrium exchange rates is problematical and several different approaches are described in the economic literature. The application of these methods to euro area countries as of 2000 shows that analysis of this indicator remains a highly useful exercise within a monetary union.

Keywords: equilibrium exchange rate; competitiveness; inflation; euro area. (search for similar items in EconPapers)
JEL-codes: E31 F31 F41 (search for similar items in EconPapers)
Date: 2012
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Related works:
Journal Article: Taux de change d’équilibre et mesure de la compétitivité au sein de la zone euro (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2012:28:04

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