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- W629289144 abstract "This study applies the threshold autoregressive model proposed by Caner and Hansen (2001) to examine both linearity and stationarity of Germany's real exchange rate vis-à-vis her 5 trading partner countries. Two main conclusions are drawn. Firstly, the empirical results indicate that Germany's real exchange is a nonlinear process. Secondly, a unit root in real exchange rate was rejected for most of the cases under study. This result provides strong support for purchasing power parity for Germany relative to their major trading partner countries." @default.
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- W629289144 date "2013-01-01" @default.
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- W629289144 title "Real Exchange Rate with Nonlinear Threshold Effect" @default.
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- W629289144 doi "https://doi.org/10.1080/1331677x.2013.11517614" @default.
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