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THE DYNAMICS OF REAL EXCHANGE RATES: A RECONSIDERATION

✍ Scribed by Kaufmann, Hendrik; Heinen, Florian; Sibbertsen, Philipp


Book ID
120509150
Publisher
John Wiley and Sons
Year
2013
Tongue
English
Weight
202 KB
Volume
29
Category
Article
ISSN
0883-7252

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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