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Some notes on the behavioral equilibrium exchange rate model

Zhang, Zhibai (2011): Some notes on the behavioral equilibrium exchange rate model.

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Abstract

A regular phenomenon of the behavioral equilibrium exchange rate (BEER) model is analyzed. The result derived by the model is proved to contradict the economic fact and that by the Balassa-Samuelson model. The BEER model cannot be used, therefore, to calculate equilibrium exchange rate.

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