Cover IMF Working Papers
Buy Book in Print
The External Balance Assessment (EBA) Methodology
Author:
Mr. Steven T Phillips
Search for other papers by Mr. Steven T Phillips in
Current site
Google Scholar Close
,
Mr. Luis Catão
Search for other papers by Mr. Luis Catão in
Current site
Google Scholar Close
,
Mr. Luca A Ricci
Search for other papers by Mr. Luca A Ricci in
Current site
Google Scholar Close
,
Mr. Rudolfs Bems
Search for other papers by Mr. Rudolfs Bems in
Current site
Google Scholar Close
,
Ms. Mitali Das
Search for other papers by Ms. Mitali Das in
Current site
Google Scholar Close
,
Mr. Julian Di Giovanni
Search for other papers by Mr. Julian Di Giovanni in
Current site
Google Scholar Close
,
Ms. Filiz D Unsal
Search for other papers by Ms. Filiz D Unsal in
Current site
Google Scholar Close
,
Marola Castillo null

Search for other papers by Marola Castillo in
Current site
Google Scholar Close
,
Jungjin Lee
Search for other papers by Jungjin Lee in
Current site
Google Scholar Close
,
Jair Rodriguez null

Search for other papers by Jair Rodriguez in
Current site
Google Scholar Close
, and
Mr. Mauricio Vargas null

Search for other papers by Mr. Mauricio Vargas in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2013: Issue 272
Language:
English
Publication Date:
31 Dec 2013
DOI:
https://doi.org/10.5089/9781484346686.001
ISBN:
9781484346686
ISSN:
1018-5941
Pages:
68
Keywords:
WP; monetary policy; output gap; CA regression; fiscal policy; trade balance; current account; exchange rates; global imbalances; net foreign assets; GDP ratio; ES CA gap; REER regression; CA value; EBA regression specification; EBA regression; sample period; EBA regression model; CA balance; benchmark CA regression specification; CA assessment; Real exchange rates; External balance assessment (EBA); Real effective exchange rates; Capital controls; Global; Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.6 MB) Download Epub
The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund