Does the Relative Price of Non-Traded Goods Contribute to the Short-Term Volatility in the U.S./Canada Real Exchange Rate? A Stochastic Coefficient Estimation Approach

Does the Relative Price of Non-Traded Goods Contribute to the Short-Term Volatility in the U.S./Canada Real Exchange Rate? A Stochastic Coefficient Estimation Approach

This study uses a random coefficient estimation procedure to test the hypothesis that much of the volatility in the U.S./Canada real exchange rate over the time period 1971 through 1999 is due to the relative price of non-traded goods to traded goods. The model specification used in this study provi...

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Bibliographic Details
Main Author: Thorne, Terrill D.
Other Authors: Economics
Format: Others
Published: Virginia Tech 2014
Subjects:
Exchange Rate
Volatility
Purchasing Power Parity
International Economics
Random Coefficient Model
Online Access:http://hdl.handle.net/10919/31159
http://scholar.lib.vt.edu/theses/available/etd-02072002-101509/

Internet

http://hdl.handle.net/10919/31159
http://scholar.lib.vt.edu/theses/available/etd-02072002-101509/

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