In this article, we develop an analytical general equilibrium model of the equilibrium exchange rate. This theoretical framework allows us to identify the relevant set of variables which determinate the equilibrium exchange rate and to explore how theses variables influence the trajectory of the equilibrium exchange rate.
Le Van, C., Couharde, C., & Bao Luong, T. (2004). The determination of the equilibrium exchange rate in a simple general equilibrium model (ECON Discussion Papers 2004/37). https://hdl.handle.net/2078.5/36150