I am doing a study on the degree of real exchange rate misalignment in The Gambia. Any possible literature of similar study especially on the computation method used (software)
This is a bit problematic as the equilibrium rate is not directly measurable. Often pop calculations are used.
You can benefit from the following research
https://www.imf.org/external/pubs/ft/wp/2005/wp05164.pdf
http://etheses.whiterose.ac.uk/874/1/Real_Exchange_Rate_Misalignments.pdf
http://ftp.iza.org/dp7822.pdf
http://www.african-review.com/Vol.%206%20(2)/Real%20exchange%20rate%20misalignment.pdf
www.ssc.wisc.edu/~mchinn/RMB_redux_29may08.pdf
http://www.ssc.wisc.edu/~mchinn/RMB_redux_29may08.pdf
There is no specific software used to measure currency misalignment. Read Dani Rodrik article on "The real exchange rate and economic growth". Understand the modelling part, and you're good to go.
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