Basher, Syed A.; Carrion-i-Silvestre, Josep Lluís - Facultat d'Economia i Empresa, Universitat de Barcelona - 2007
This paper re-examines the null of stationary of real exchange rate for a panel of seventeen OECD developed countries during the post-Bretton Woods era. Our analysis simultaneously considers both the presence of cross-section dependence and multiple structural breaks that have not received much...