To smooth or not to smooth : the impact of grants and remittances on the equilibrium real exchange rate in Jordan / / [prepared by] Tahsin Saadi-Sedik and Martin Petri
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| Autore: |
Saadi-Sedik Tahsin
|
| Titolo: |
To smooth or not to smooth : the impact of grants and remittances on the equilibrium real exchange rate in Jordan / / [prepared by] Tahsin Saadi-Sedik and Martin Petri
|
| Pubblicazione: | Washington, D.C., : International Monetary Fund, Middle East and Central Asia Dept., c2006 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (39 p.) |
| Soggetto topico: | Foreign exchange rates - Jordan - Mathematical models |
| Emigrant remittances - Jordan - Mathematical models | |
| Grants-in-aid - Jordan - Mathematical models | |
| Smoothing (Numerical analysis) | |
| Altri autori: |
PetriMartin
|
| Note generali: | "November 2006." |
| Nota di bibliografia: | Includes bibliographical references (p. 35-37). |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. DATA AND METHODOLOGY""; ""III. MODELING AND INTERPRETING THE EQUILIBRIUM REAL EXCHANGE RATE""; ""IV. ASSESSING THE EQUILIBRIUM REAL EXCHANGE RATE""; ""V. CONCLUSIONS""; ""Appendix: Methodological Problems with Smoothing""; ""REFERENCES"" |
| Sommario/riassunto: | This paper estimates the effect of grants and workers' remittances on Jordan's long-term equilibrium real exchange rate. We estimate an equilibrium path for the Jordanian real exchange rate using the Johansen cointegration methodology over the period 1964 to 2005. Controlling for other fundamentals, we find that both grants and workers' remittances appreciate the equilibrium real exchange rate in a statistically and economically significant way. We also find that assessing deviations of the actual real exchange rate from the estimated equilibrium real exchange rate is nontrivial because different smoothing methodologies and the nonsmoothed estimates give very different results. |
| Titolo autorizzato: | To smooth or not to smooth |
| ISBN: | 1-4623-5282-0 |
| 1-4527-8040-4 | |
| 1-283-51274-2 | |
| 1-4519-0970-5 | |
| 9786613825193 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910826877503321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF working paper ; ; WP/06/257.