To smooth or not to smooth : the impact of grants and remittances on the equilibrium real exchange rate in Jordan /

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 fun...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Saadi-Sedik, Tahsin (Author), Petri, Martin (Author)
Corporate Author: International Monetary Fund. Middle East and Central Asia Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Series:IMF working paper ; WP/06/257.
Subjects:
Foreign exchange rates > Jordan > Mathematical models.
Emigrant remittances > Jordan > Mathematical models.
Grants-in-aid > Jordan > Mathematical models.
Smoothing (Numerical analysis)
Emigrant remittances > Jordan.
Economic assistance > Jordan.
Taux de change > Jordanie.
Envois de fonds des émigrants > Jordanie.
Aide économique > Jordanie.
Taux de change > Jordanie > Modèles mathématiques.
Envois de fonds des émigrants > Jordanie > Modèles mathématiques.
Subventions de l'État aux collectivités locales > Jordanie > Modèles mathématiques.
Lissage (Analyse numérique)
Emigrant remittances
Economic assistance
Emigrant remittances > Mathematical models
Foreign exchange rates > Mathematical models
Grants-in-aid > Mathematical models
Jordanie > Politique économique.
Jordan
Online Access:Texto completo
Table of Contents:
  • 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

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