Title of article
On the speed of adjustment in ESTAR models when allowance is made for bias in estimation
Author/Authors
Ivan Paya، نويسنده , , David A. Peel، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
6
From page
272
To page
277
Abstract
The purpose of this letter is to show, via simulation and bootstrap methods, that the estimates of the speed of adjustment parameter obtained in ESTAR models of the real exchange rate are upward biased in sample sizes typically employed in empirical work.
Keywords
estar , Bias , Bootstrapping
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
435860
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