Meenagh, David; Minford, Patrick; Nowell, Eric; Sofat, … - In: Journal of International Money and Finance 29 (2010) 6, pp. 1131-1150
This paper establishes the ability of a Real Business Cycle model to account for UK real exchange rate behaviour. The model is tested by the method of indirect inference, bootstrapping the errors to generate 95% confidence limits for a time-series representation of the real exchange rate, as...
