Presenter: Juan Carlos Cuestas Olivares (Department of Economics and Finance, Tallinn University of Technology, Estonia; Department of Economics and IEI, Jaume I University, Spain; Research Unit, Eesti Pank, Estonia)

Abstract
In this paper we contribute to the long literature on determining the real exchange rate by using models that incorporate structural breaks and nonlinearities. We estimate cointegrated dynamic ordinary least squares regressions, Bayesian vector autoregressions (VAR), and interactive panel VARs. We find that the estimated coefficients for the CEECs and for the other member states differ from each other. We also find that the models are different before and after the crisis, and appreciations and depreciations of the RER seem to condition the long run equations for the EU15+2.
Key words: Real exchange rates, competitiveness, quantile regression, Bayesian, asymmetric model, structural breaks, European integration.

The link to the seminar is here: LINK. You can also join via MS Teams group DEF_Seminar , you may need the code 67nffil.

Presentation is about 30 minutes and Q/A is 10 minutes

Questions about the seminar can be sent to the seminar organizers Prof. Karsten Staehr karsten.staehr@taltech.ee  or Rachatar Nilavongse rachatar.nilavongse@taltech.ee .