| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060923 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠Random walk behavior induces a flat shape in the center of the unconditional distribution. ⺠Kurtosis of the unconditional distribution of RER cannot in general be very high. ⺠Expected time to leave certain sets is relevant to study the stability of RER. ⺠The estimated parameters are independent of the frequency of the data.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
João Nicolau,