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Euro-dollar real exchange rate dynamics in an estimated two-country model : what is important and what is not /

We use a Bayesian approach to estimate a standard two-country New Open Economy Macroeconomics model using data for the United States and the euro area, and we perform model comparisons to study the importance of departing from the law of one price and complete markets assumptions. Our results can be...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Rabanal, Pau (Autor), Tuesta, Vicente (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, 2006.
Colección:IMF working paper ; WP/06/177.
Temas:
Acceso en línea:Texto completo