haku: @indexterm MONETARY THEORY / yhteensä: 83
viite: 8 / 83
| Tekijä: | Rapach, D. E. Wohar, M. E. |
| Otsikko: | Testing the monetary model of exchange rate determination: new evidence from a century of data |
| Lehti: | Journal of International Economics
2002 : DEC, VOL. 58:2, p. 359-385 |
| Asiasana: | Monetary theory Exchange rates Cointegration Forecasting |
| Kieli: | eng |
| Tiivistelmä: | The authors test the long-run monetary model of exchange rate determination for a collection of 14 industrialized countries using data spanning the late nineteenth or early twentieth century to the late twentieth century. They find support for a simple form of the long-run monetary model in over half of the countries they consider. They estimate vector error-correction models to investigate the adjustment process to the long-run monetary equilibrium. |
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