| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1621 |
| DP1621 Intra-firm Wage Dispersion and Firm Performance | |
| Rudolf Winter-Ebmer; Josef Zweimüller | |
| 发表日期 | 1997-04-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | In this paper the short- and long-run movements of the Japanese yen-US dollar exchange rate are modelled for the recent floating period. The modern general-to-specific approach is used as our econometric framework. In contrast to some other exchange rate studies, we interpret multiple cointegrating vectors using economic theory. Among the findings are sensible and significant long-run relationships, and dynamic equations which describe the movements of the exchange rate and satisfy a battery of diagnostic tests. The models are shown to produce good in-sample forecasting performance and also out-of-sample forecasting performance which dominates a random walk. |
| 主题 | International Macroeconomics |
| 关键词 | Co integration Econometric modelling Exchange rates |
| URL | https://cepr.org/publications/dp1621 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530760 |
| 推荐引用方式 GB/T 7714 | Rudolf Winter-Ebmer,Josef Zweimüller. DP1621 Intra-firm Wage Dispersion and Firm Performance. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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