Meenagh, David ORCID: https://orcid.org/0000-0002-9930-7947, Minford, Anthony Patrick Leslie ORCID: https://orcid.org/0000-0003-2499-935X, Nowell, Eric and Sofat, Prakriti 2010. Can a real business cycle model without price and wage stickiness explain UK real exchange rate behaviour? Journal of International Money and Finance 29 (6) , pp. 1131-1150. 10.1016/j.jimonfin.2010.02.006 |
Official URL: http://dx.doi.org/10.1016/j.jimonfin.2010.02.006
Abstract
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 well as for various key data moments. The results suggest RBC models can explain real exchange rate movements.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Advanced Research Computing @ Cardiff (ARCCA) Business (Including Economics) |
Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
Uncontrolled Keywords: | Real exchange rate ; Productivity ; Real business cycle ; Bootstrap ; Indirect inference |
Publisher: | Elsevier |
ISSN: | 0261-5606 |
Last Modified: | 18 Oct 2022 14:32 |
URI: | https://orca.cardiff.ac.uk/id/eprint/17885 |
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