Arghyrou, Michael Georgiou (contributor); … - 2007
time. Early studies, such as Mishkin (1984a, 1984b), Cumby and
Obstfeld (1984) and Mark (1985) tested, and generally … differentials. Marston (1995) finds that movements of RIRDs can be explained using
2
Early studies adopting this approach (see e ….g. Meese and Rogoff, 1988 and
Edison and Pauls, 1993) found unit roots in RIRDs, thus rejecting RIP. These studies,
however …