Home > Research > Publications & Outputs > Testing the long-run structural validity of the...

Links

Text available via DOI:

View graph of relations

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

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>30/04/2002
<mark>Journal</mark>Economics Letters
Issue number2
Volume75
Number of pages8
Pages (from-to)157-164
Publication statusPublished
Early online date3/01/02
Original languageEnglish

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.