Nieh, Chien-Chung; Wang, Yu-Shan - In: Review of Quantitative Finance and Accounting 25 (2005) 1, pp. 55-71
This paper re-examines Dornbusch’s (1976) sticky-price monetary model to exchange rate determination by employing both conventional Johansen’s (1988, 1990, 1994) maximum likelihood cointegration test and the ARDL Bound test by Pesaran, Shin, and Smith (2001) for the monthly data of Taiwan...
