Estimation of the Near Unit Root Model of Real Exchange Rates /
The time-series properties of real exchange rates, on a number of definitions, for 22 industrial countries during 1979-95 were used to re-examine whether PPP holds. It is shown that if real exchange rates reverted to a constant mean slowly, say by five percent a month, then at standard levels of sig...
| Príomhchruthaitheoir: | |
|---|---|
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Sraith: | IMF Working Papers; Working Paper ;
No. 1996/050 |
| Rochtain ar líne: | Full text available on IMF |