سعر الصرف التوازني السلوكي في الجزائر

Abstract EN

In this paper, we estimate the behavior equilibrium exchange rate (BEER) of Clark and MacDonald (1999) for the real effective exchange rate of Algeria.

The sample period is 1975, to 2011.

The conditioning variables used in the estimation of the BEER are: Real effective exchange rate, Terms of trade, Relative price of non-traded to traded goods, Net foreign assets, Relative stock of government debt, Real interest rates.

The study has showed to determine the behavioral equilibrium exchange rate of the dinar Algerian, almost had agreed prominent historical stations of the amendments in the Algerian dinar exchange rate policy, and the effect of variables was agreeing to the dinar exchange rate in the long run