Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062775 | Economics Letters | 2006 | 6 Pages |
Abstract
The purpose of this letter is to show, via simulation and bootstrap methods, that the estimates of the speed of adjustment parameter obtained in ESTAR models of the real exchange rate are upward biased in sample sizes typically employed in empirical work.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ivan Paya, David A. Peel,