Title of article :
On the speed of adjustment in ESTAR models when allowance is made for bias in estimation
Author/Authors :
Ivan Paya، نويسنده , , David A. Peel، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
The purpose of this letter is to show, via simulation and bootstrap methods, that the estimates of the speed of adjustment parameter obtained in ESTAR models of the real exchange rate are upward biased in sample sizes typically employed in empirical work.
Keywords :
estar , Bias , Bootstrapping
Journal title :
Economics Letters
Journal title :
Economics Letters
