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

Andrew Abbott; Glauco De Vita

doi:10.1016/S0165-1765(01)00618-8

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

Andrew Abbott
, Glauco De Vita

Manchester Metropolitan University
Oxford Brookes University

Research output: Contribution to journal › Article › peer-review

6 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 language	English
Pages (from-to)	157-164
Journal	Economics Letters
Volume	75
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(01)00618-8
Publication status	Published - 2002

Keywords

Monetary exchange rate model
Structural identification

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10.1016/S0165-1765(01)00618-8

Cite this

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title = "Testing the long-run structural validity of the monetary exchange rate model",

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.",

keywords = "Monetary exchange rate model, Structural identification",

author = "Andrew Abbott and \{De Vita\}, Glauco",

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AU - Abbott, Andrew

AU - De Vita, Glauco

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AB - 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.

KW - Monetary exchange rate model

KW - Structural identification

U2 - 10.1016/S0165-1765(01)00618-8

DO - 10.1016/S0165-1765(01)00618-8

M3 - Article

SN - 0165-1765

VL - 75

SP - 157

EP - 164

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

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

Abstract

Keywords

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