Cover IMF Working Papers
Buy Book in Print
2022 Update of the External Balance Assessment Methodology
Author:
Mr. Cian Allen
Search for other papers by Mr. Cian Allen in
Current site
Google Scholar Close
,
Camila Casas https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Camila Casas in
Current site
Google Scholar Close
,
Mr. Giovanni Ganelli
Search for other papers by Mr. Giovanni Ganelli in
Current site
Google Scholar Close
,
Luciana Juvenal https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Luciana Juvenal in
Current site
Google Scholar Close
,
Mr. Daniel Leigh
Search for other papers by Mr. Daniel Leigh in
Current site
Google Scholar Close
,
Mr. Pau Rabanal
Search for other papers by Mr. Pau Rabanal in
Current site
Google Scholar Close
,
Cyril Rebillard https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Cyril Rebillard in
Current site
Google Scholar Close
,
Jair Rodriguez https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Jair Rodriguez in
Current site
Google Scholar Close
, and
João Tovar Jalles
Search for other papers by João Tovar Jalles in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2023: Issue 047
Language:
English
Publication Date:
03 Mar 2023
DOI:
https://doi.org/10.5089/9798400234934.001
ISBN:
9798400234934
ISSN:
1018-5941
Pages:
68
Keywords:
Current accounts; exchange rates; external sustainability; external sector assessments; global imbalances; OECD product market; EBA gaps adjustment; EBA current account model; EBA REER; labor market rigidity; External balance assessment (EBA); Real effective exchange rates; Current account; Current account balance; Real exchange rates; Global
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 (3.9 MB) Download Epub
The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting external sector assessments by Fund staff since its introduction in 2012. This paper provides the latest version of the EBA methodology, updated in 2022 with additional refinements to the current account and real exchange rate regression models, as well as updated estimates for other components of the EBA methodology. The paper also includes an assessment of how estimated current account gaps based on EBA are associated with future external adjustment.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund