• Title of article

    Cointegration and the long-run forecast of exchange rates

  • Author/Authors

    Benjamin J. C. Kim، نويسنده , , Soowon Mo، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1995
  • Pages
    7
  • From page
    353
  • To page
    359
  • Abstract
    Multivariate cointegration is used to generate the long-run forecast of the dollar/DM exchange rate. It is shown that while the random walk model outperforms the monetary structural models in the short run, the latter, based on the error-correction model, outperform the former in the long run
  • Journal title
    Economics Letters
  • Serial Year
    1995
  • Journal title
    Economics Letters
  • Record number

    433940

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=433940