The equilibrium relationship among money, income, prices, and interest rates: evidence from a threshold cointegration test

The real exchange rate–real interest rat

The real exchange rate–real interest rate relation: evidence from tests for symmetric and asymmetric threshold cointegration

✍ Robert Sollis; Mark E. Wohar 📂 Article 📅 2006 🏛 John Wiley and Sons 🌐 English ⚖ 212 KB 👁 1 views

## 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 long‐run relationship employing linear models, we employ tests of the null hypothesis of n