Kalyvitis, Sarantis; Lazaretou, Sophia - In: Bulletin of Economic Research 49 (1997) 2, pp. 153-68
This paper examines the persistence of Greek nominal and real variables under the Bretton Woods system and the post-1975 floating rate system. Two non-parametric measures of persistence are employed. The first is Cochrane's variance ratio test, put forward in 1988, which allows the decomposition...