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- W2912296865 abstract "This study aims to explore the dynamics of the real yen–dollar rate and inflation rates by analysing Japan–US monthly economic data in recent years. A real interest differential (RID) derived from international parity conditions plays a critical role in the empirical exploration. A multivariate analysis of the data reveals evidence which supports the RID hypothesis as a long-run economic relationship, distinct from the existing evidence in literature. The relationship also paves a way for the regime-switching analysis that explicitly allows for influences of the two countries’ monetary policies. The non-linear dynamic nature of the real yen–dollar rate is clarified in this analysis." @default.
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- W2912296865 date "2019-04-01" @default.
- W2912296865 modified "2023-10-06" @default.
- W2912296865 title "Modelling the real yen–dollar rate and inflation dynamics based on international parity conditions" @default.
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- W2912296865 doi "https://doi.org/10.1016/j.asieco.2019.02.003" @default.
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