Heinen, Florian; Kaufmann, Hendrik; Sibbertsen, Philipp - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2011
further study the small sample performance of the test. In an application we analyze several major real exchange rates to shed … forces of real exchange rates. … autoregressive (MSAR) model, are both able to support the PPP as a long-run concept. However, the dynamic behavior of real exchange …