A reappraisal of parity reversion for UK real exchange rates

Crato, Nuno; Rothman, Philip

http://hdl.handle.net/10400.5/27698

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Autores

Crato, Nuno

Rothman, Philip

Resumo(s)

We apply a new approach to test the long-run purchasing power parity theory of real exchange rate movements for the UK. The question of whether real exchange rates have a unit root or are mean reverting is set in the more general framework of fractionally differenced time-series models. Our results suggest that in the current period of floating rates, UK real exchange rates return to parity in the long run.

Palavras-chave

Time Series Exchange Rates Econometrics Methods ARIMA Models United Kingdom

URI

http://hdl.handle.net/10400.5/27698

Citação

Crato, Nuno and Philip Rothman .(1994). “A reappraisal of parity reversion for UK real exchange rates”. Applied Economics Letters, Vol. 1, No. 9. pp. 139 –141. (Search PDF in 2023).

Editora

Chapman & Hall

Coleções

CEMAPRE - Artigos em Revistas Internacionais / Articles in International Journals

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