Bouoiyour, Jamal; Selmi, Refk - In: International Journal of Computational Economics and … 5 (2015) 1, pp. 55-70
We employ wavelet decomposition and nonlinear causality test to investigate the nexus between the real oil price and the real effective exchange rate in three GCC countries: Qatar, Saudi Arabia and UAE. We find strong evidence in favour of a feedback hypothesis in Qatar and UAE and of a...