Estimating Iceland’s Real Equilibrium Exchange Rate
Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, alt...
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ftrepec:oai:RePEc:imf:imfwpa:07/276 2024-04-14T08:13:27+00:00 Estimating Iceland’s Real Equilibrium Exchange Rate Robert Tchaidze http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466 preprint ftrepec 2024-03-19T10:27:41Z Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear. Commodities;Iceland;Real effective exchange rates;Trade;real exchange rate, disequilibrium, current account, exchange rate, current account deficit, external debt Report Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear. Commodities;Iceland;Real effective exchange rates;Trade;real exchange rate, disequilibrium, current account, exchange rate, current account deficit, external debt |
format |
Report |
author |
Robert Tchaidze |
spellingShingle |
Robert Tchaidze Estimating Iceland’s Real Equilibrium Exchange Rate |
author_facet |
Robert Tchaidze |
author_sort |
Robert Tchaidze |
title |
Estimating Iceland’s Real Equilibrium Exchange Rate |
title_short |
Estimating Iceland’s Real Equilibrium Exchange Rate |
title_full |
Estimating Iceland’s Real Equilibrium Exchange Rate |
title_fullStr |
Estimating Iceland’s Real Equilibrium Exchange Rate |
title_full_unstemmed |
Estimating Iceland’s Real Equilibrium Exchange Rate |
title_sort |
estimating iceland’s real equilibrium exchange rate |
url |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466 |
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Iceland |
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Iceland |
op_relation |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466 |
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1796311447727243264 |