The equilibrium real exchange rate and macroeconomic performance in developing countries

Marcel Schröder ()

Applied Economics Letters, 2017, vol. 24, issue 7, 506-509

Abstract: This article presents first estimates of the growth impact of the equilibrium real exchange rate (ERER) for a sample of 63 developing countries over 1970–2007. The results suggest that real exchange rate misalignment, not the level of the ERER, matters for macroeconomic performance in these countries.

Date: 2017
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DOI: 10.1080/13504851.2016.1205718

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