Purchasing power parity and nonlinear adjustment

Jorge Pérez-Rodríguez (), Francisco Ledesma () and S. Torra-Porras

Applied Economics Letters, 2009, vol. 16, issue 1, 35-38

Abstract: In this article we study the out-of-sample real exchange rate forecasts of an Artificial Neural Network model, an AR model and a random walk model. The results confirm the relevance of nonlinear adjustment in the dynamics of the real exchange rate.

Date: 2009
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DOI: 10.1080/13504850701719645

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