The linear exchange model
β Scribed by David Gale
- Publisher
- Elsevier Science
- Year
- 1976
- Tongue
- English
- Weight
- 318 KB
- Volume
- 3
- Category
- Article
- ISSN
- 0304-4068
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper provides a framework for building and estimating non-linear real exchange rate models. The approach derives the stationary distribution from a continuous time error correction model and estimates this by MLE methods. The derived distribution exhibits a wide variety of distributional shape
## Abstract In recent years there has been a considerable development in modelling nonβlinearities and asymmetries in economic and financial variables. The aim of the current paper is to compare the forecasting performance of different models for the returns of three of the most traded exchange rat