search query: @author Papell, D. / total: 5
reference: 5 / 5
« previous | next »
| Author: | Culver, S. Papell, D. |
| Title: | Real exchange rates under the gold standard: can they be explained by the trend break model? |
| Journal: | Journal of International Money and Finance
1995 : AUG, VOL. 14:4, p. 539-548 |
| Index terms: | EXCHANGE RATES MODELS GOLD STANDARD |
| Language: | eng |
| Abstract: | The authors investigate whether real exchange rates under the gold standard can be modeled as stationary around a broken trend. Using both conventional unit root and sequential trend break tests, the authors clearly reject the unit root null for 14 of the 16 exchange rates studied by Diebold, Husted and Rush (1991) and provide some evidence against a unit root for another. The authors interpret their results as being complementary to the evidence for fractional integration found by Diebold, Husted and Rush. |
« previous | next »
SCIMA