Paya, Ivan (contributor); Peel, David (contributor) - 2006
used to estimate nonlin-
ear ESTAR model for the real exchange rate. The �new�real exchange rates
exhibit, in most cases … traded and non-traded prices then it is, of course, well known that the
real exchange rate in terms of consumer prices is … nonlinear adjustment of the real exchange rate to
purchasing power parity. Whilst globally mean reverting this nonlinear process …