MacDonald, Ronald; Vieira, Flavio Vilela - 2010
of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models … using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …
