LONG-RUN EQUILIBRIUM REAL EXCHANGE-RATES AND OIL PRICES

Authors
CHAUDHURI K DANIEL BC
Citation
K. Chaudhuri et Bc. Daniel, LONG-RUN EQUILIBRIUM REAL EXCHANGE-RATES AND OIL PRICES, Economics letters, 58(2), 1998, pp. 231-238
Citations number
13
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
58
Issue
2
Year of publication
1998
Pages
231 - 238
Database
ISI
SICI code
0165-1765(1998)58:2<231:LEREAO>2.0.ZU;2-T
Abstract
Using cointegration and causality tests, this paper demonstrates that the nonstationary behavior of US dollar real exchange rates, over the post-Bretton Woods era, is due to the nonstationary behavior of real o il prices. (C) 1998 Elsevier Science S.A.