Testing the long-run structural validity of the monetary exchange rate model

Abbott, Andrew James and De Vita, Glauco (2002) Testing the long-run structural validity of the monetary exchange rate model. Economics Letters, 75 (2). pp. 157-164. ISSN 0165-1765

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Abstract

Using a recently developed econometric technique, we test the validity of the over-identifying restrictions of the long-run structural relations underlying the flex-price monetary model of the exchange rate. Our main finding is that, for the Canadian–US dollar, structural identification is rejected by the data.

Item Type:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
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ID Code:
141359
Deposited By:
Deposited On:
12 Feb 2020 09:15
Refereed?:
Yes
Published?:
Published
Last Modified:
13 Feb 2020 04:39