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- W2036970561 abstract "This paper reexamines the convergence issue by contrasting the half-lives of deviations from purchasing power parity across traded and nontraded goods in real exchange rate models with nonlinear dynamics. More specifically, we employ the exponential smooth transition autoregressive model to investigate nonlinear dynamics of real exchange rates. Our empirical results show that the speed of adjustment coefficients for the traded goods are faster than those for general price and for nontraded goods, implying stronger nonlinear adjustment toward parity. Copyright © 2010 John Wiley & Sons, Ltd." @default.
- W2036970561 created "2016-06-24" @default.
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- W2036970561 date "2011-03-28" @default.
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- W2036970561 title "Nonlinear dynamics of real exchange rates for sectoral data" @default.
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- W2036970561 doi "https://doi.org/10.1002/ijfe.421" @default.
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