MODELLING TEST OF THE MOROCCAN REAL EXCHANGE RATE

Nouhaila Belfatmi, Hicham Ouakil
2020 Zenodo  
The purpose of this study is to estimate the real exchange rate an ambiguous and complex concept with a wide literature. In this paper we have tried to produce an estimate of Morocco's exchange rate between 1980 and 2008, which is modelled using an error-correction econometric model. It is a dynamic model that aims at modelling the behavioral equilibrium exchange rate, using a series of fundamental variables that essentially determine the exchange rate. The variables used are: foreign direct
more » ... : foreign direct investment; inflation, as measured by the consumer price index; the balance of trade and the level of economic activity. Thereafter we analyzed the misalignment of this rate through a statistical approach.
doi:10.5281/zenodo.3936226 fatcat:5uzoo2lp5bdpzogmsf7gmsgguy