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Microsoft Word - memo166.doc
... the methodology to determine the equilibrium exchange rate. three approaches are generally applied in the literature to determine the equilibrium exchange rate the macroeconomic balance approach, the purchasing power parity (ppp) approach and the extended ppp approach. the macroeconomic balance approach defines the equilibrium rate as the ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... the apparent non-constancy of equilibrium unemployment. the first approach assumes that the equilibrium rate of unemployment follows a smooth process without specifying the underlying economic mechanisms, see for example douven (1999). the second approach ...
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Microsoft Word - MBreport2010-08-04Final _final_.doc
... equilibrium, high asset quality and market share taking into consideration global market conditions and to diversify the risk assets portfolio, which will form the most crucial tool in finding the ...
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