2022 Update of the External Balance Assessment Methodology
IMF Working Papers, March 3, 2023
Source details
- Canonical URL
- 2022 Update of the External Balance Assessment Methodology
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Bibliographic details
- Authors: Cian Allen, Camila Casas, Giovanni Ganelli, Luciana Juvenal, Daniel Leigh, Pau Rabanal, Cyril Rebillard, Jair Rodriguez, João Tovar Jalles
- Published: March 3, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400234934.001
Overview
- The External Balance Assessment (EBA) methodology provides the framework for conducting external sector assessments by Fund staff since its introduction in 2012.
- This paper provides the latest version of the EBA methodology, updated in 2022.
- The paper includes an assessment of how estimated current account gaps based on EBA are associated with future external adjustment.
Key updates and refinements
- Additional refinements to the current account regression models.
- Additional refinements to the real exchange rate regression models.
- Updated estimates for other components of the EBA methodology.
Major themes and subject coverage
- Balance of payments
- Current account; Current account balance; Current accounts
- External balance assessment (EBA); External position; External sustainability
- Foreign exchange; Real effective exchange rates; Real exchange rates
- Associated factors and keywords: global imbalances, labor market rigidity, OECD product market, EBA gaps adjustment, EBA current account model, EBA REER, exchange rates, external sector assessments
Authors and publication
- By Cian Allen, Camila Casas, Giovanni Ganelli, Luciana Juvenal, Daniel Leigh, Pau Rabanal, Cyril Rebillard, Jair Rodriguez, João Tovar Jalles
- March 3, 2023
Content in this bundle
- Working Paper