TY - BOOK AU - Mano,Rui C. AU - Osorio Buitron,Carolina AU - Ricci,Luca Antonio ED - International Monetary Fund, TI - The Level REER Model in the External Balance Assessment (EBA) Methodology T2 - IMF working paper SN - 1513515047 AV - HG3810 U1 - 332.1/52 23 PY - 2019///] CY - [Washington, D.C.] PB - International Monetary Fund KW - Foreign exchange rates KW - EBSCO eBooks KW - Electronic books N1 - Appendix: Additional Tables and Figures; Includes bibliographical references; Cover; The Level REER model in the External Balance Assessment (EBA) Methodology; I. INTRODUCTION; II. REVIEW OF THE LITERATURE; III. DATA AND METHODOLOGY; IV. EXPLANATORY POWER OF THE BENCHMARK REGRESSION; V. ROBUSTNESS TO ALTERNATIVE METHODOLOGIES AND DIFFERENT MEASURES OF THE LEVEL-REER; VI. CONCLUSIONS; VII. REFERENCES; Table 1: Descriptive Statistics and Correlations; Table 2. Benchmark Specification; Table 3: Sequential variable introduction based on t-stat (OLS method estimation); Table 4. Comparison of Benchmark Specification to Alternative Estimation Methods; Table 5: Benchmark versus alternative LHS variables, based on different XS dimension from ICP 2011 and PWT 9.0 (same estimation method, IV-REG)Table 6: Benchmark versus alternative LHS variables based on REER Indexconstructed with GDP Deflator (WEO) and adjusting the level with the XS dimensionof ICP 2011 and PWT 9.0 (same estimation method, IV-REG); Table 7: Benchmark versus alternative LHS variables based on full panel (XS and TS) dimension of PWT 9.0 (same estimation method, IV-REG); Figure 1: Level REER and Output per worker relative to top 3 economies; Figure 2: Log of Level REER by CountryFigure 3: Log of Level REER (time series); Figure 4: Benchmark Specification -- Fitted Values by Country; Figure 5: Benchmark Specification -- Fitted Values (time series); Figure 6: Benchmark Specification Residuals by Country; Figure 7: Benchmark Specification Residuals (time series); Figure 8. Benchmark Regression -- Actual vs Fitted; Figure 9. Cross-Country Ranking Comparison: Robustness to Different Level REERsin the Base Year; Annex I: Alternative Reer Variables; Annex II: Data Sources; Annex III: Variables Definition in the EBA Models UR - https://www.lib.tsu.ru/limit/2023/EBSCO/2264955.pdf ER -