To Smooth or Not to Smooth-The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan »
Series: IMF Working Papers
Author(s): Martin Petri , and Tahsin Saadi-Sedik
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2006
Keywords: Equilibrium Real Exchange Rate, Smoothing Techniques, exchange rate, real exchange rate, trade openness, terms of trade, equilibrium exchange rate, Open Economy Macroeconomics,
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 coint...