Article ID Journal Published Year Pages File Type
5062650 Economics Letters 2006 5 Pages PDF
Abstract

German prices and U.S. short-term interest rates are cointegrated while short-term interest rates in both countries are not. Therefore, moving to flexible exchange rates in 1973 has not completely isolated Germany from external shocks.

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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Floating exchange rates and inflation in Germany: Are external shocks really irrelevant?
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