Long-run determinants of the real exchange rate for MENA countries
β Scribed by Imed Drine; Christophe Rault
- Publisher
- Springer US
- Year
- 2003
- Tongue
- English
- Weight
- 85 KB
- Volume
- 9
- Category
- Article
- ISSN
- 1083-0898
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π SIMILAR VOLUMES
## ABSTRACT We examine consistency properties of the exchange rate expectation formation process of shortβrun and longβrun forecasts in the dollar/euro and yen/dollar market. Applying nonlinear consistency restrictions we show that in a simple expectation formation structure shortβrun forecasts are
## ABSTRACT This paper deals with the nonlinear modeling and forecasting of the dollarβsterling and francβsterling real exchange rates using long spans of data. Our contribution is threefold. First, we provide significant evidence of smooth transition dynamics in the series by employing a battery o