Testing for symmetry and proportionality in a European panel
Symmetry and proportionality is tested for in 15 European economies 1973:04-1998:12 in a panel regression framework that allows for permanent shocks. Support is found for both symmetry and proportionality and thus for general relative PPP in the US dollar but not the German mark panel.
Year of publication: |
2006
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Authors: | Coakley, Jerry ; Snaith, Stuart |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 16.2006, 1-2, p. 63-71
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Publisher: |
Taylor & Francis Journals |
Saved in:
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