Using a Theory-Consistent CVAR Scenario to Test an Exchange Rate Model Based on Imperfect Knowledge

Using a Theory-Consistent CVAR Scenario to Test an Exchange Rate Model Based on Imperfect Knowledge

A theory-consistent CVAR scenario describes a set of testable regularieties one should expect to see in the data if the basic assumptions of the theoretical model are empirically valid. Using this method, the paper demonstrates that all basic assumptions about the shock structure and steady-state be...

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Bibliographic Details
Main Author: Katarina Juselius
Format: Article
Language:English
Published: MDPI AG 2017-07-01
Series:Econometrics
Subjects:
theory-consistent CVAR
imperfect Knowledge
theory-based expectations
international puzzles
long swings
persistence
Online Access:https://www.mdpi.com/2225-1146/5/3/30

Internet

https://www.mdpi.com/2225-1146/5/3/30

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