Pesaran, M. Hashem; Smith, Ron; Yamagata, Takashi; … - In: Econometric Reviews 28 (2009) 6, pp. 495-521
Given nominal exchange rates and price data on N + 1 countries indexed by i = 0,1,2,…, N, the standard procedure for … data on the real exchange rate for 50 countries over the period 1957-2001. The main substantive conclusion is that to …