Real Exchange Rates and Fundamentals: Evidence from 15 OECD Countries
β Scribed by Annika Alexius; Jonny Nilsson
- Book ID
- 110263259
- Publisher
- Springer US
- Year
- 2000
- Tongue
- English
- Weight
- 70 KB
- Volume
- 11
- Category
- Article
- ISSN
- 0923-7992
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
Recently, there have been many studies that apply the panel unit-root test of to support the validity of long-run purchasing power parity (PPP) for industrial countries. This paper applies two recently developed panel unit-root tests, provided by Im et al. (1995) and , respectively, to re-examine t
## Abstract This paper investigates the existence of threshold cointegration between real exchange rates and real interest rate differentials. Unlike previous work, which generally fails to find evidence of a longβrun relationship employing linear models, we employ tests of the null hypothesis of n