Real (effective) exchange rate in Uruguay: a periodic cointegration approach

Elizabeth Bucacos ()
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Elizabeth Bucacos: Banco Central del Uruguay

No 2007002, Documentos de trabajo from Banco Central del Uruguay

Abstract: When the seasonal component of a particular time series is treated as if it were a mere deterministic phenomenon instead of a stochastic one, it may lead to inconsistent estimations, statistical inference errors and policy biases. This issue is addressed in this paper focusing on the real effective exchange rate in Uruguay for the 1983:1-2006:4 period.

Keywords: real effective exchange rate; periodic cointegration; Uruguay (search for similar items in EconPapers)
JEL-codes: C22 F31 N16 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2007-06-01
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