Modeling Real Exchange Rate Persistence in Chile
The long and persistent swings in the real exchange rate have for a long time puzzled economists. Recent models built on imperfect knowledge economics seem to provide a theoretical explanation for this persistence. Empirical results, based on a cointegrated vector autoregressive (CVAR) model, provid...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-07-01
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| Series: | Econometrics |
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| Online Access: | https://www.mdpi.com/2225-1146/5/3/29 |