Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence from a Panel of 14 Countries /

We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and government spending for 14 OECD countries, using recently developed panel cointegration tests. The results indicate that under certain assumptions it is easier to detect cointegrati...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Johnston, Louis
Drugi avtorji: Chinn, Menzie
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1997.
Serija:IMF Working Papers; Working Paper ; No. 1997/066
Online dostop:Full text available on IMF