Estimation of the equilibrium real exchange rate for Malawi /

Estimation of the equilibrium real exchange rate for Malawi /

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Bibliographic Details
Author / Creator:	Mathisen, Johan, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2003.
Description:	1 online resource (24 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/104 IMF working paper ; WP/03/104.
Subject:	Foreign exchange rates -- Malawi -- Econometric models. Equilibrium (Economics) -- Econometric models. Estimation theory -- Econometric models. Equilibrium (Economics) -- Econometric models. Estimation theory -- Econometric models. Foreign exchange rates -- Econometric models. Malawi.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496079

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Other authors / contributors:	International Monetary Fund. African Department.
ISBN:	1451898401 9781451898408 1281601438 9781281601438 1462394337 9781462394333 1452795649 9781452795645 9786613782120 6613782122
Notes:	Includes bibliographical references (pages 23-24). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper computes Malawi's equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita growth) found to drive movements in the time-varying equilibrium real exchange rate. The results also indicate that following a shock there is a rapid reversion of the real exchange rate to its time-varying equilibrium, with a half-life of reversion of about 11 months.
Other form:	Print version: Mathisen, Johan. Estimation of the equilibrium real exchange rate for Malawi. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451898408.001

Description
Summary:	This paper computes Malawi's equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita growth) found to drive movements in the time-varying equilibrium real exchange rate. The results also indicate that following a shock there is a rapid reversion of the real exchange rate to its time-varying equilibrium, with a half-life of reversion of about 11 months.
Physical Description:	1 online resource (24 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 23-24).
ISBN:	1451898401 9781451898408 1281601438 9781281601438 1462394337 9781462394333 1452795649 9781452795645 9786613782120 6613782122
ISSN:	2227-8885 ;