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Structural breaks in the real exchange rate and real interest rate relationship

โœ Scribed by Joseph P. Byrne; Jun Nagayasu


Book ID
116511897
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
403 KB
Volume
21
Category
Article
ISSN
1044-0283

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Recent empirical work has shown the importance of nonlinear adjustment in the dynamics of real exchange rates and real interest differentials. This work suggests that the tenuous empirical linkage between the real exchange rate and the real interest differential might be strengthened by explicitly a