Long-run equilibrium real exchange rates and oil prices

被引：136

作者：

Chaudhuri, K

Daniel, BC ^{[1
]}

机构：

[1] SUNY Albany, Albany, NY 12222 USA

[2] Natl Inst Publ Finance & Policy, New Delhi, India

来源：

ECONOMICS LETTERS | 1998年 / 58卷 / 02期

关键词：

cointegration; causality; purchasing power parity; oil prices;

D O I：

10.1016/S0165-1765(97)00282-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using cointegration and causality tests, this paper demonstrates that the nonstationary behavior of US dollar real exchange rates, over the post-Bretton Woods era, is due to the nonstationary behavior of real oil prices. (C) 1998 Elsevier Science S.A.

引用

页码：231 / 238

页数：8

共 13 条

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AMANO RA, 1995, EXCHANGE RATES OIL P

[2]

[Anonymous], ECONOMETRIC MODELS

[3]

Banerjee A., 1993, ADV TEXTS ECONOMETRI, DOI [DOI 10.1093/0198288107.001.0001, 10.1093/0198288107.001.0001]

[4] A NEW APPROACH TO DECOMPOSITION OF ECONOMIC TIME-SERIES INTO PERMANENT AND TRANSITORY COMPONENTS WITH PARTICULAR ATTENTION TO MEASUREMENT OF THE BUSINESS-CYCLE [J].