Ok, Seiha; Kakinaka, Makoto; Miyamoto, Hiroaki - Graduate School of International Relations, … - 2010
kip against the US dollar. The dynamic effects of real and nominal shocks are examined through applying a vector … autoregression (VAR) model of real and nominal exchange rates under the assumption of the long-run neutrality of nominal shocks on … real shocks in direction of depreciation lead to real and nominal depreciation, while nominal shocks induce long …