How Long to Read Estimation of Equilibrium Exchange Rates in the WAEMU

How Long Does it Take to Read Estimation of Equilibrium Exchange Rates in the WAEMU?

It takes the average reader and 54 minutes to read Estimation of Equilibrium Exchange Rates in the WAEMU by Mr.Charalambos G. Tsangarides

Assuming a reading speed of 250 words per minute. Learn more

Description

Using the FEER approach we investigate the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econometric estimation uncertainty, we employ both single-country (Johansen and ARDL) and panel-data (FMOLS and PMG) cointegration techniques. We find that (i) much of the long-run behavior of REERs in WAEMU countries can be explained by fluctuations in terms of trade, government consumption, investment, and productivity; (ii) the use of different econometric techniques suggests that there is significant uncertainty about the path of the underlying equilibrium REERs and the degree of exchange rate misalignment, which underscores the need for robustness analyses in exchange rate modeling; and (iii) results from panel-data cointegration may sometimes be useful, but should always be complemented with single-country estimations to ensure that the results take into account country-specific characteristics.

How long is Estimation of Equilibrium Exchange Rates in the WAEMU?

Estimation of Equilibrium Exchange Rates in the WAEMU by Mr.Charalambos G. Tsangarides is 54 pages long, and a total of 13,716 words.

This makes it 18% the length of the average book. It also has 17% more words than the average book.

How Long Does it Take to Read Estimation of Equilibrium Exchange Rates in the WAEMU Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 14 minutes to read Estimation of Equilibrium Exchange Rates in the WAEMU aloud.

What Reading Level is Estimation of Equilibrium Exchange Rates in the WAEMU?

Estimation of Equilibrium Exchange Rates in the WAEMU is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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