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The short-run and long-run effects of corruption control and political stability on forest cover

✍ Scribed by Galinato, Gregmar I.; Galinato, Suzette P.

Book ID
125474674
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
276 KB
Volume
89
Category
Article
ISSN
0921-8009

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## ABSTRACT We examine consistency properties of the exchange rate expectation formation process of short‐run and long‐run forecasts in the dollar/euro and yen/dollar market. Applying nonlinear consistency restrictions we show that in a simple expectation formation structure short‐run forecasts are