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We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...
Persistent link: https://www.econbiz.de/10003358655
area, Japan, and U.K.) a compression in the long-term yield spread exerts a powerful effect on both output growth and …
Persistent link: https://www.econbiz.de/10008688522