Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
964317 | Journal of International Money and Finance | 2010 | 20 Pages |
Abstract
This paper establishes the ability of a Real Business Cycle model to account for UK real exchange rate behaviour. The model is tested by the method of indirect inference, bootstrapping the errors to generate 95% confidence limits for a time-series representation of the real exchange rate, as well as for various key data moments. The results suggest RBC models can explain real exchange rate movements.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
David Meenagh, Patrick Minford, Eric Nowell, Prakriti Sofat,