Real Exchange Rate with Nonlinear Threshold Effect
نویسندگان
چکیده
منابع مشابه
Nonlinear Exchange Rate Predictability
We study whether the nonlinear behavior of the real exchange rate can help us account for the lack of predictability of the nominal exchange rate. We construct a smooth nonlinear error-correction model that allows us to test the hypotheses of nonlinear predictability of the nominal exchange rate and nonlinear behavior on the real exchange rate in the context of a fully specified cointegrated sy...
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ژورنال
عنوان ژورنال: Economic Research-Ekonomska Istraživanja
سال: 2013
ISSN: 1331-677X,1848-9664
DOI: 10.1080/1331677x.2013.11517614