Real exchange rates and target interest rates in a simple VAR model
This paper proposes a simple vector autoregressions (VAR) model with (real) output and exchange rate shocks on interest rates. Rather than assuming non- recursive identification schemes, we test the identifying assumption of the error term decompositions. Applying the model to quarterly data on majo...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2018
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| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.5/15478 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15478 |