EXCHANGE RATES IN INTERNATIONAL COMMODITY MODELS: THE COMMON CURRENCY QUESTION REVISITED
William H. Meyers
No 283786, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper clarifies the difference between estimating supply and demand equations for individual countries in national currencies or converting to common currency prior to estimation. The appropriate procedure for a pooled cross-country time-series estimation model depends upon the cross-sectional constraints and whether nominal or real values are used.
Keywords: International; Relations/Trade (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283786
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