The monetary approach to the exchange rate. Long-run relationships and coefficient restrictions

Economics Letters

Volumn 37, Issue 2, 1991, Pages 179-185

  MacDonald, Ronald ^a   Taylor, Mark P ^a  

^a INTERNATIONAL MONETARY FUND   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001076657     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/0165-1765(91)90128-8     Document Type: Article

References (24)

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3. Off the mark: lessons for exchange rate modelling
4. Monetary policy under exchange rate flexibility
5. Forecasting the exchange rate: A monetary of random walk phenomenon?
6. On the mark: comment
7. An empirical analysis of the monetary approach to the determination of the exchange rate
8. Rational expectations and monetary models of exchange rate determination: An empirical examination
9. Statistical analysis of cointegration vectors
10. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models
11. Maximum likelihood estimation and inference on cointegration — with applications to the demand for money
12. Exchange rate volatility news and bubbles
13. Exchange rate economics: An empirical perspective
14. The economic analysis of foreign exchange markets: An expository survey
15. Testing for bubbles in exchange markets A case of sparkling bubbles
16. A simple positive definate heteroskedasticity– and autocorrelation-consistent covariance matrix
17. Time series regression with a unit root
18. Exchange rate stability and monetary policy
19. Estimating monetary models of the balance of payments and exchange rates a bias
20. Effects of model specification on tests for unit roots in macroeconomic data