연구정보
[경제] Real Exchange Rate Misalignment and Business Cycle Fluctuations in Asia and the Pacific
동남아시아 일반 국외연구자료 연구보고서 - Asian Development Bank 발간일 : 2022-03-08 등록일 : 2022-03-13 원문링크
The study uses a panel vector autoregression involving consumer price index (CPI) inflation, output gap, short-term interest rate, and RER misalignment. It finds that RER overvaluation may lead to a reduction in CPI inflation and short-term interest rate. It also illustrates Asia and the Pacific’s diversity as evidenced by the output gaps of some economies, particularly in Southeast Asia, which are shown to be more susceptible to RER misalignment shocks.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
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