Has the relationship between the real exchange rate and its fundamentals changed over time?
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Altres documents de l'autoria: Cuestas, Juan Carlos; Monfort Bellido, Mercedes; Shimbov, Bojan
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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Títol
Has the relationship between the real exchange rate and its fundamentals changed over time?Data de publicació
2022-07-11Editor
Taylor and FrancisISSN
1406-099X; 2334-4385Cita bibliogràfica
Juan Carlos Cuestas, Mercedes Monfort & Bojan Shimbov (2022) Has the relationship between the real exchange rate and its fundamentals changed over time?, Baltic Journal of Economics, 22:2, 68-89, DOI: 10.1080/1406099X.2022.2096732Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.tandfonline.com/doi/full/10.1080/1406099X.2022.2096732Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
In this paper we contribute to the literature on determining the real exchange rate by using models that incorporate structural breaks and nonlinearities. We estimate cointegrated dynamic ordinary least squares ... [+]
In this paper we contribute to the literature on determining the real exchange rate by using models that incorporate structural breaks and nonlinearities. We estimate cointegrated dynamic ordinary least squares regressions and quantile regressions. We find that the estimated coefficients for the EU members from central and eastern Europe are different to those for the other member states. We also find that the models are different before and after the crisis that started in 2008, and this affects the outcome of the long-run equations for the EU15 + Cyprus and Malta. [-]
Publicat a
Baltic Journal of Economics, 2022, vol. 22, no 2Entitat finançadora
Universitat Jaume I | Generalitat Valencia
Codi del projecte o subvenció
UJI-B2019-15 | UJI-B2020-16 | AICO2021/005
Drets d'accés
info:eu-repo/semantics/openAccess
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