Long-run versus short-run behaviour of the real exchange rates
Autor(a) principal: | |
---|---|
Data de Publicação: | 2001 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/27680 |
Resumo: | This paper discusses the mean stationarity of real exchange rates by using new time series methods and new tests. The question whether the real exchange rates have a unit root or are level reverting is set in the general and flexible framework of fractionally integrated processes. The estimations and tests sustain the claim that real exchange rates may be nonstationary and not revert to any short-run parity. However, estimations also suggest that real exchange rates behave differently on the short and on the long run and that they may revert to parity in a century-long period. |
id |
RCAP_cbc5d90f801c9576eb0ba8f9088e52a5 |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/27680 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Long-run versus short-run behaviour of the real exchange ratesExchange RatesPrice IndicesRegression EstimatedAEFIMA ModelsPortugalThis paper discusses the mean stationarity of real exchange rates by using new time series methods and new tests. The question whether the real exchange rates have a unit root or are level reverting is set in the general and flexible framework of fractionally integrated processes. The estimations and tests sustain the claim that real exchange rates may be nonstationary and not revert to any short-run parity. However, estimations also suggest that real exchange rates behave differently on the short and on the long run and that they may revert to parity in a century-long period.Taylor & FrancisRepositório da Universidade de LisboaCosta, António A.Crato, Nuno2023-04-28T20:02:34Z20012001-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/27680engCosta, António A. and Nuno Crato .(2001). “Long-run versus short-run behaviour of the real exchange rates”. Applied Economics, Vol. 33, No. 5: pp. 683-688. (Search PDF in 2023).1466-4283 (Online)10.1080/00036840122409info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-04-30T01:31:00Zoai:www.repository.utl.pt:10400.5/27680Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:50:29.408660Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Long-run versus short-run behaviour of the real exchange rates |
title |
Long-run versus short-run behaviour of the real exchange rates |
spellingShingle |
Long-run versus short-run behaviour of the real exchange rates Costa, António A. Exchange Rates Price Indices Regression Estimated AEFIMA Models Portugal |
title_short |
Long-run versus short-run behaviour of the real exchange rates |
title_full |
Long-run versus short-run behaviour of the real exchange rates |
title_fullStr |
Long-run versus short-run behaviour of the real exchange rates |
title_full_unstemmed |
Long-run versus short-run behaviour of the real exchange rates |
title_sort |
Long-run versus short-run behaviour of the real exchange rates |
author |
Costa, António A. |
author_facet |
Costa, António A. Crato, Nuno |
author_role |
author |
author2 |
Crato, Nuno |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Costa, António A. Crato, Nuno |
dc.subject.por.fl_str_mv |
Exchange Rates Price Indices Regression Estimated AEFIMA Models Portugal |
topic |
Exchange Rates Price Indices Regression Estimated AEFIMA Models Portugal |
description |
This paper discusses the mean stationarity of real exchange rates by using new time series methods and new tests. The question whether the real exchange rates have a unit root or are level reverting is set in the general and flexible framework of fractionally integrated processes. The estimations and tests sustain the claim that real exchange rates may be nonstationary and not revert to any short-run parity. However, estimations also suggest that real exchange rates behave differently on the short and on the long run and that they may revert to parity in a century-long period. |
publishDate |
2001 |
dc.date.none.fl_str_mv |
2001 2001-01-01T00:00:00Z 2023-04-28T20:02:34Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/27680 |
url |
http://hdl.handle.net/10400.5/27680 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Costa, António A. and Nuno Crato .(2001). “Long-run versus short-run behaviour of the real exchange rates”. Applied Economics, Vol. 33, No. 5: pp. 683-688. (Search PDF in 2023). 1466-4283 (Online) 10.1080/00036840122409 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Taylor & Francis |
publisher.none.fl_str_mv |
Taylor & Francis |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799131584688816128 |