𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Persistent misalignments of the European exchange rates: some evidence from non-linear cointegration

✍ Scribed by Dufrénot, Gilles; Mathieu, Laurent; Mignon, Valérie; Péguin-Feissolle, Anne


Book ID
120457508
Publisher
Taylor and Francis Group
Year
2006
Tongue
English
Weight
481 KB
Volume
38
Category
Article
ISSN
0003-6846

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Can non-linear real shocks explain the p
✍ Tuomas A. Peltonen; Adina Popescu; Michael Sager 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 266 KB 👁 1 views

A core stylized fact of the empirical exchange rate literature is that half-life deviations of equilibrium real exchange rates from levels implied by Purchasing Power Parity (PPP) are very persistent. Empirical efforts to explain this persistence typically proceed along two distinct paths, resorting