European real effective exchange rates are hugely misaligned, paper argues
Paper models exchange rates and economic fundamentals for EU countries
Misalignments in the real effective exchange rates (REERs) of European Union countries are "huge", a working paper published by the Bank of Lithuania argues.
In Long-run determinants and misalignments of the real effective exchange rate in the EU, Mariarosaria Comunale argues REERs provide a key metric for economic assessments of the European Union (EU).
Comunale presents estimations of the REERs for 28 EU countries from 1994 to 2012. The author calculates the equilibrium rates for each country
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