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Real exchange rates and real interest rates once again: a multivariate panel cointegration analysis.
- Source :
- Applied Economics; 6/20/2006, Vol. 38 Issue 11, p1217-1221, 5p, 2 Charts
- Publication Year :
- 2006
-
Abstract
- This paper employs multivariate panel cointegration techniques to re-examine the empirical relationship between bilateral real exchange rates and real interest rates. The results from a panel of 1470 quarterly observations on Canada, France, Germany, Italy, Japan, UK, and USA over the period 1977 to 1994 indicate the absence of any long-run relationship between the two variables. [ABSTRACT FROM AUTHOR]
- Subjects :
- MULTIVARIATE analysis
COINTEGRATION
FOREIGN exchange rates
INTEREST rates
Subjects
Details
- Language :
- English
- ISSN :
- 00036846
- Volume :
- 38
- Issue :
- 11
- Database :
- Complementary Index
- Journal :
- Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- 21273492
- Full Text :
- https://doi.org/10.1080/00036840500398695