This paper reexamines the convergence issue by contrasting the half-lives of deviations from purchasing power parity across traded and nontraded goods in real exchange rate models with nonlinear dynamics. More specifically, we employ the exponential smooth transition autoregressive model to investig
Sector-specific capital and real exchange rate dynamics
β Scribed by Robert G. Murphy
- Publisher
- Elsevier Science
- Year
- 1988
- Tongue
- English
- Weight
- 383 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0165-1889
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