Levado pelos fundamentos? Estimando o desalinhamento cambial Norte-Americano a partir de técnicas de cointegração

Arbeitspapier

This paper aims to estimate the equilibrium real exchange rate for the United States economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using multivariate and univariate cointegration techniques. The results of the estimated model suggest that American currency was slightly overvalued when compared to weighted basket of foreign currencies at the end of 2010. The misalignment was estimated using the Gonzalo e Granger (1995) methodology to decompose the series in transitory and permanent components.

Angaben zum Objekt

• Sprache: Portugiesisch

Verweise und Beziehungen

• Erschienen in: Series: Texto para Discussão ; No. 1674

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Finance: General ; Foreign Exchange

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fernandes Marçal, Emerson ; Fernandes Ribeiro, Priscila
• Ereignis: Veröffentlichung
• (wer): Instituto de Pesquisa Econômica Aplicada (IPEA)
• (wo): Brasília
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/91217
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ