Hasanov, Fakhri - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these … exchange rate in the long-run. Besides, revealed that relative price as a proxy for productivity has also explanatory power in … explaining long-run behavior of real exchange rate. Estimated Error Correction Term indicates that half-life of adjustment toward …