Persistence Of Real Exchange Rates In The Central And Eastern European Countries

We investigate the mean reversion in real exchange rates for Central and Eastern European countries. We use point and confidence interval estimates from the Phillips et al.'s (2001) local-persistent model as our preferred measures of the persistence of real exchange rates. We find that the adju...

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Bibliographic Details

Main Authors:	Baharumshah, AZ, Soon, SV, Fountas, S, Nurul Sima Mohamad Shariff
Format:	Article
Language:	English en_US
Published:	Vilnius Gediminas Tech Univ 2024
Subjects:	half-lives local persistence structural breaks real exchange rate PPP puzzle transition economies
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