Estimating Equilibrium Exchange Rate of RMB on the Basis of Edwards' Erer Model
Ruoen Ren
Abstract
Ruoen Ren
Abstract
This paper modifies Edwards equilibrium exchange rate model considering China's actual situation.Based on the modified models,this paper estimates RMB's real equilibrium exchange rate since 1980s,and analyses misadjustment of RMB's real effective exchange rate and its main causes.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
This paper modifies Edwards equilibrium exchange rate model considering China's actual situation.Based on the modified models,this paper estimates RMB's real equilibrium exchange rate since 1980s,and analyses misadjustment of RMB's real effective exchange rate and its main causes.
Key concepts: Renminbi, Exchange rate, Economics, Econometrics, Monetary economics