{"id":"https://openalex.org/W2107607366","doi":"https://doi.org/10.1177/002795019214100105","title":"Properties of the Fundamental Equilibrium Exchange Rate in Models of the UK Economy","display_name":"Properties of the Fundamental Equilibrium Exchange Rate in Models of the UK Economy","publication_year":1992,"publication_date":"1992-08-01","ids":{"openalex":"https://openalex.org/W2107607366","doi":"https://doi.org/10.1177/002795019214100105","mag":"2107607366"},"language":"en","primary_location":{"id":"doi:10.1177/002795019214100105","doi":"https://doi.org/10.1177/002795019214100105","is_oa":false,"landing_page_url":"https://doi.org/10.1177/002795019214100105","pdf_url":null,"source":{"id":"https://openalex.org/S114571967","display_name":"National Institute Economic Review","issn_l":"0027-9501","issn":["0027-9501","1741-3036"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Institute Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046091322","display_name":"Keith B. Church","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I39555362","display_name":"University of Warwick","ror":"https://ror.org/01a77tt86","country_code":"GB","type":"education","lineage":["https://openalex.org/I39555362"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Keith B Church","raw_affiliation_strings":["University of Warwick"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Warwick","institution_ids":["https://openalex.org/I39555362"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5046091322"],"corresponding_institution_ids":["https://openalex.org/I39555362"],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":2.948,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.93855468,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":null,"biblio":{"volume":"141","issue":"1","first_page":"62","last_page":"70"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8008000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8008000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.15940000116825104,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.016100000590085983,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/fundamental-equilibrium-exchange-rate","display_name":"fundamental equilibrium exchange rate","score":0.9570000171661377},{"id":"https://openalex.org/keywords/real-exchange-rate","display_name":"real exchange rate","score":0.9940000176429749},{"id":"https://openalex.org/keywords/exchange-rate-convergence","display_name":"exchange rate convergence","score":0.5580000281333923},{"id":"https://openalex.org/keywords/uk-economy","display_name":"UK economy","score":0.5519999861717224},{"id":"https://openalex.org/keywords/inflation-differentials","display_name":"inflation differentials","score":0.7039999961853027},{"id":"https://openalex.org/keywords/macroeconomic-equilibrium","display_name":"macroeconomic equilibrium","score":0.6809999942779541}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7314957976341248},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5274615287780762},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.43684375286102295},{"id":"https://openalex.org/C2775962089","wikidata":"https://www.wikidata.org/wiki/Q16721782","display_name":"Exchange economy","level":2,"score":0.4234924912452698},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.3967995047569275},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3814947307109833},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.3412775993347168},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.24698305130004883}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1177/002795019214100105","doi":"https://doi.org/10.1177/002795019214100105","is_oa":false,"landing_page_url":"https://doi.org/10.1177/002795019214100105","pdf_url":null,"source":{"id":"https://openalex.org/S114571967","display_name":"National Institute Economic Review","issn_l":"0027-9501","issn":["0027-9501","1741-3036"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Institute Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cup:nierev:v:141:y:1992:i::p:62-70_5","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S0027950100029483/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:sae:niesru:v:141:y:1992:i:1:p:62-70","doi":null,"is_oa":false,"landing_page_url":"http://ner.sagepub.com/content/141/1/62.abstract","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W1508746711","https://openalex.org/W1539694011","https://openalex.org/W1547554582","https://openalex.org/W1603250583","https://openalex.org/W1987845653","https://openalex.org/W2010485876","https://openalex.org/W2062865631","https://openalex.org/W2075681900","https://openalex.org/W3125445566","https://openalex.org/W7063963408"],"related_works":["https://openalex.org/W2060493431","https://openalex.org/W2146751755","https://openalex.org/W2089317972","https://openalex.org/W1597558228","https://openalex.org/W1732876693","https://openalex.org/W1547554582","https://openalex.org/W2092881741","https://openalex.org/W2969080000","https://openalex.org/W602617420","https://openalex.org/W1991599612"],"abstract_inverted_index":{"The":[0,53,110],"Fundamental":[1],"Equilibrium":[2],"Exchange":[3],"Rate":[4],"(FEER)":[5],"is":[6,15,76,137],"that":[7,14,95,140],"value":[8],"of":[9,31,38,46,55,68,107,112,141],"the":[10,23,29,35,44,50,56,61,66,83,86,92,96,102,105,113,123],"real":[11,88,97],"exchange":[12,89,98,115],"rate":[13,99,116],"consistent":[16],"with":[17],"macroeconomic":[18],"equilibriumo":[19],"This":[20],"article":[21],"uses":[22],"long-run":[24],"trade":[25],"equation":[26],"elasticities":[27,63],"from":[28],"models":[30],"Her":[32],"Majesty's":[33],"Treasury,":[34],"National":[36],"Institute":[37],"Economic":[39],"and":[40,43,64,85,128],"Social":[41],"Research":[42],"Bank":[45],"England":[47],"to":[48,58,65],"examine":[49],"FEER":[51,84,103],"calculation.":[52],"sensitivity":[54],"results":[57,93],"changes":[59],"in":[60,72],"key":[62],"possibility":[67],"a":[69,118,132],"recent":[70],"improvement":[71],"UK":[73,135],"trading":[74,143],"performance":[75],"considered.":[77],"Historical":[78],"comparisons":[79],"are":[80],"made":[81],"between":[82],"actual":[87],"rate.":[90],"All":[91],"suggest":[94],"was":[100],"above":[101],"at":[104],"time":[106],"ERM":[108],"entry.":[109],"fixing":[111],"nominal":[114],"removes":[117],"possible":[119],"mechanism":[120],"by":[121],"which":[122],"economy":[124],"might":[125],"reach":[126],"equilibrium":[127],"therefore":[129],"convergence":[130],"requires":[131],"period":[133],"where":[134],"inflation":[136],"lower":[138],"than":[139],"its":[142],"partners.":[144]},"counts_by_year":[],"updated_date":"2026-08-31T07:19:18.363097","created_date":"2016-06-24T00:00:00"}