Testing the long-run structural validity of the monetary exchange rate model

Andrew Abbott, Glauco De Vita

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Using a recently developed econometric technique, we test the validity of the over-identifying restrictions of the long-run structural relations underlying the flex-price monetary model of the exchange rate. Our main finding is that, for the Canadian–US dollar, structural identification is rejected by the data.
Original languageEnglish
Pages (from-to)157-164
JournalEconomics Letters
Volume75
Issue number2
DOIs
Publication statusPublished - 2002

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Exchange rates
Testing
Econometrics

Keywords

  • Monetary exchange rate model
  • Structural identification

Cite this

Testing the long-run structural validity of the monetary exchange rate model. / Abbott, Andrew; De Vita, Glauco.

In: Economics Letters, Vol. 75, No. 2, 2002, p. 157-164.

Research output: Contribution to journalArticle

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