Long-run equilibrium real exchange rates and oil prices

被引：130
|
作者：
Chaudhuri, K
Daniel, BC [1 ]
机构：
[1] SUNY Albany, Albany, NY 12222 USA
[2] Natl Inst Publ Finance & Policy, New Delhi, India
来源：
ECONOMICS LETTERS | 1998年 / 58卷 / 02期
关键词：
cointegration; causality; purchasing power parity; oil prices;
D O I：
10.1016/S0165-1765(97)00282-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 oil prices. (C) 1998 Elsevier Science S.A.
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页码：231 / 238
页数：8
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