Bond, Derek; Harrison, Michael J.; O'Brien, Edward J. - 2007
This paper attempts to model the nominal and real exchange rate for Ireland, relative to Germany and the UK from 1975 … with previous Irish studies are made. Tests for fractional integration and nonlinearity, including random field regressions … exchange rates are effectively modelled, and in the case of Ireland and Germany, PPP is found to be valid not only in the long …