New Evidence of the Real Interest Rate Parity for OECD Countries Using Panel Unit Root Tests with Breaks

This paper tests for real interest parity (RIRP) among the nineteen major OECD countries over the period 1978:Q2-1998:Q4. The econometric methods applied consist of combining the use of several unit root or stationarity tests designed for panels valid under cross-section dependence and presence of multiple structural breaks. Our results strongly support the fulfillment of the weak version of the RIRP for the studied period once dependence and structural breaks are accounted or

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Year of publication:	2011
Authors:	Camarero, Mariam
Other Persons:	Carrion-i-Silvestre, Josep Lluís (contributor) ; Tamarit, Cecilio R. (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	OECD-Staaten \| OECD countries \| Einheitswurzeltest \| Unit root test \| Zinsparität \| Interest rate parity \| Realzins \| Real interest rate \| Strukturbruch \| Structural break \| Panel \| Panel study \| Kaufkraftparität \| Purchasing power parity \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (51 p)
Series:	XREAP ; No. 2006-14
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2006 erstellt
Other identifiers:	10.2139/ssrn.1852169 [DOI]
Classification:	C32 - Time-Series Models ; C33 - Models with Panel Data ; F21 - International Investment; Long-Term Capital Movements ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013124651