Real exchange rate misalignment and business cycle fluctuations in Asia and the Pacific
Material type:
TextPublication details: Manila Asian Development Bank 2022Description: 38pSubject(s): Online resources: Summary: The study uses a panel vector autoregression involving consumer price index (CPI) inflation, output gap, short-term interest rate, and RER misalignment. It finds that RER overvaluation may lead to a reduction in CPI inflation and short-term interest rate. It also illustrates Asia and the Pacific’s diversity as evidenced by the output gaps of some economies, particularly in Southeast Asia, which are shown to be more susceptible to RER misalignment shocks.
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
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Books
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TERI Delhi | Electronic books | Available | EB2484 |
The study uses a panel vector autoregression involving consumer price index (CPI) inflation, output gap, short-term interest rate, and RER misalignment. It finds that RER overvaluation may lead to a reduction in CPI inflation and short-term interest rate. It also illustrates Asia and the Pacific’s diversity as evidenced by the output gaps of some economies, particularly in Southeast Asia, which are shown to be more susceptible to RER misalignment shocks.
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