Natural Equilibrium Real Exchange Rate in Korea
This paper defines an equilibrium time path of the real effective exchange rate of the Korean won. Once we know the equilibrium real exchange rate of the Korean won, we can calculate the degree of its misalignment. An estimate of the NATREX (NATural Real EXchange rate) model shows that the real exch...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2006-12-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2006.10.2.157 |