Some notes on the behavioral equilibrium exchange rate model

Zhibai Zhang

MPRA Paper from University Library of Munich, Germany

Abstract: A regular phenomenon of the behavioral equilibrium exchange rate (BEER) model is analyzed. The result derived by the model is proved to contradict the economic fact and that by the Balassa-Samuelson model. The BEER model cannot be used, therefore, to calculate equilibrium exchange rate.

Keywords: Behavioral equilibrium exchange rate; Chinese renminbi (search for similar items in EconPapers)
JEL-codes: F31 F41 (search for similar items in EconPapers)
Date: 2011-09-01
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