Title of article
Real exchange rates under the recent float: unequivocal evidence of mean reversion
Author/Authors
Lucio Sarno، نويسنده , , Mark P. Taylor، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
7
From page
131
To page
137
Abstract
Standard multivariate tests of long-run PPP may reject nonstationarity when a single real exchange rate series is stationary. We apply a test where the null hypothesis is violated only when all series are stationary, and reject nonstationarity for real dollar rates.
Keywords
Purchasing power parity: Unit roots
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434598
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