Nominal effective exchange rate neutrality: the case of Macedonia
AbstractThis paper uses quarterly data on Macedonian nominal effective exchange rate for the time period 1992 to 2009 along with six other variables to investigate the nominal effective exchange rate neutrality. SVAR and Impulse response functions had been used to prove the hypothesis. Empirical evidence in this paper supports the nominal exchange rate neutrality in the case of Macedonia.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 37994.
Date of creation: 10 Apr 2012
Date of revision:
NEER; SVAR; Impulse response functions;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
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