Search results for " paridad de poder adquisitivo"

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El tipo de cambio real dólar-euro y el diferencial de intereses reales

2006

This paper investigates whether threshold effects exist in the relationship between dollar-euro real exchange rate and real interest differential, over the period January 1984 to December 2004. We specify a three-regime threshold model and the results provide evidence that there is no threshold effect in the short term, but the nonlinear behaviour of real exchange rate implies threshold effect in the long term. On the other hand, the nonlinearity into the behaviour of real exchange rates can be modelled by a Band-TAR which implies a symmetric response to the real interest differential outside the bank. Finally, into the threshold band the behaviour of real exchange rate is near to follow a …

Paridad de poder adquisitivojel:C53Banda umbral; Tipo de cambio real; Diferencial de intereses reales; Paridad de poder adquisitivo; No linealidadNo linealidadUNESCO::CIENCIAS ECONÓMICAS::Economía internacional::Acuerdos monetarios internacionalesDiferencial de intereses realesbanda umbral tipo de cambio real diferencial de intereses reales paridad de poder adquisitivo no linealidad Threshold real exchange rates real interest differentials purchasing power parity nonlinearity.Tipo de cambio realjel:F30:CIENCIAS ECONÓMICAS::Economía internacional::Acuerdos monetarios internacionales [UNESCO]jel:F47Banda umbral
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