NAMIBIA'S REAL EXCHANGE RATE PERFORMANCE

被引：0

作者：

Miyajima, Ken ^{[1
]}

机构：

[1] Int Monetary Fund, Monetary & Capital Markets Dept, Washington, DC 20431 USA

来源：

SOUTH AFRICAN JOURNAL OF ECONOMICS | 2009年 / 77卷 / 02期

关键词：

C22; F31; J01; Autoregressive distributed lag model; competitiveness; equilibrium real exchange rate; RATE MODEL; EXOGENEITY;

D O I：

10.1111/j.1813-6982.2009.01211.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

To assess Namibia's external competitiveness, this study estimates the country's equilibrium real exchange rate using the autoregressive distributed lag modelling approach that has superior small-sample properties. The nominal depreciation of the Namibia dollar in 2002 created historically one of the largest deviations in the real exchange rate from its equilibrium level, but deviations are small at present. The half-life of deviations from equilibrium is found to be about 1 year.

引用

页码：228 / 244

页数：17

共 16 条

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