TY  - RPRT
AU  - Afat, Dinçer
AU  - Gómez-Puig, Marta
AU  - Sosvilla Rivero, Simón Javier
PY  - 2015
SN  - 1696-6376
UR  - https://hdl.handle.net/20.500.14352/27500
AB  - In this paper, we test three popular versions of the monetary model (flexible price, forward-looking and real interest differential models) for the OECD member countries by applying Johansen cointegration technique. Based on country-by-country...
LA  - spa
A3  - Asociación Española de Economía y Finanzas Internacionales
KW  - Exchange rate
KW  - Flexible price monetary model
KW  - Forward-looking monetary model
KW  - Real interest differential model
KW  - Money demand
KW  - Purchasing power parity
TI  - The failure of the monetary model of exchange rate determination
TY  - technical report
ER  -