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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Bibliographic Details
Main Author: Robert Tchaidze
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466
id ftrepec:oai:RePEc:imf:imfwpa:07/276
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spelling 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)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description 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
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=21466
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