Kruse, Robinson; Frömmel, Michael; Menkhoff, Lukas; … - School of Economics and Management, University of Aarhus - 2009
roots in real exchange rates. We apply a popular unit root test against nonlinear ESTAR and develop a Markov Switching unit … means of a Monte Carlo study. The chosen parametrization is obtained by real-life exchange rates. The test against ESTAR has …
