Espert, José Luis; Vignoli, Guido - 2018
Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and … Exchange Rate as domestic prices in dollars, we estimate a positive relationship with its fundamentals except for the Terms of … four fundamental variables: Net Foreign Assets, Public Expenditure, Terms of Trade, and Productivity. Defining the Real …