Asset Details
Do you wish to reserve the book?
Filtering the BEER: A Permanent and Transitory Decomposition
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Filtering the BEER: A Permanent and Transitory Decomposition
Do you wish to request the book?
Filtering the BEER: A Permanent and Transitory Decomposition
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Filtering the BEER: A Permanent and Transitory Decomposition
2000
Overview
In this paper we extend the BEER (Behavioral Equilibrium Exchange Rate) approach which identifies an estimated equilibrium relationship between the real exchange rate and economic fundamentals. Here the economic fundamentals are decomposed using Johansen cointegration methods into transitory and permanent components, with the latter used to estimate the Permanent Equilibrium Exchange Rate, or PEER, for the U.S. and Canadian dollars and the pound sterling. The BEER and the PEER move closely together for the U.S. and Canadian dollars and generally track the actual exchange rate. By contrast, for the pound sterling the BEER, and the PEER diverge sharply, with the latter following the actual exchange rate quite closely.
Publisher
Washington, D.C. :International Monetary Fund
We currently cannot retrieve any items related to this title. Kindly check back at a later time.