Measuring the dollar-euro permanent equilibrium exchange rate using the unobserved components model
(2015)
Journal Article
Chen, X., & MacDonald, R. (2015). Measuring the dollar-euro permanent equilibrium exchange rate using the unobserved components model. Journal of International Money and Finance, 53, 20-35. https://doi.org/10.1016/j.jimonfin.2014.12.008
This paper employs an unobserved component model that incorporates a set of economic fundamentals to obtain the Euro–Dollar permanent equilibrium exchange rates (PEER) for the period 1975Q1 to 2008Q4. The results show that for most of the sample peri... Read More about Measuring the dollar-euro permanent equilibrium exchange rate using the unobserved components model.