Title of article
On the mean-reverting properties of target zone exchange rates: a cautionary note
Author/Authors
Taylor، Mark P. نويسنده , , Iannizzotto، Matteo نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-116
From page
117
To page
0
Abstract
We estimate a franc¯mark target zone model and find a very limited `honeymoon effectʹ. Monte Carlo experiments calibrated with the estimates caution against the use of standard linear tests for non-mean reversion as indirect tests of the target zone model.
Keywords
growth , Specification empirics , Political instability
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21648
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