Author : International Monetary Fund
Release : 2002-08-16
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Malawi: Selected Issues and Statistical Appendix - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Malawi: Selected Issues and Statistical Appendix write by International Monetary Fund. This book was released on 2002-08-16. Malawi: Selected Issues and Statistical Appendix available in PDF, EPUB and Kindle. This Selected Issues paper estimates the path of the equilibrium real exchange for Malawi. Based on a dynamic model of a small open economy, the paper identifies and discusses the dynamics between certain fundamental variables and the real exchange rate. It also investigates the presence of a long-term relationship between the real exchange rate and the explanatory variables, and estimates both the equilibrium real exchange rate and the speed at which it converges toward its equilibrium level. The paper also discusses episodes of discrepancies between the real effective exchange rate and its equilibrium level.