Equilibrium Exchange Rate Misalignment-A Case Study of Algeria

Is correct imbalance exchange rate of the most important economic policy goals in emerging countries and a core for the development of economic performance and ensuring conditions, where the malfunction rate describes the situation in which the exchange rate in the country away from a long-term level unsustainable for the level of the real exchange rate, and goal basic of this paper is to know the extent of the contribution of the real exchange rate equilibrium in achieving internal and external balances, and that of the underlying output to Algeria.As well as the output rate gap (NAIRU), and in another phase have included stability ratio of external debt to gross domestic product guide, which shows us that the most worthy to adjust the current situation of the Algerian economy, and finally, we have the evaluation analytical model (Williamson), which allows us to estimate the difference between real exchange rate of the dinar Algerian and value price, then extract the periods of imbalance in the real exchange rate,