Series: IMF Working Papers
Author(s): Charalambos Tsangarides , and Yasser Abdih
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2006
Keywords: Equilibrium real exchange rate, FEER, cointegration, WAEMU, CEMAC, exchange rate, effective exchange rate, real exchange rate, Multiple or Simultaneous Equation Models: Time-Series Models, Forecasting and Other Model Applications
We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA...