| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6887 |
| DP6887 The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets | |
| Philip Lane; Jay Shambaugh | |
| 发表日期 | 2008-06-27 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We use the method of indirect inference to test a full open economy model of the UK that has been in forecasting use for three decades. The test establishes, using a Wald statistic, whether the parameters of a time-series representation estimated on the actual data lie within some confidence interval of the model-implied distribution. Various forms of time-series representations that could deal with the UK's various changes of monetary regime are tried; two are retained as adequate. The model is rejected under one but marginally accepted under the other, suggesting that with some modifications it could achieve general acceptability and that the testing method is worth investigating further. |
| 主题 | International Macroeconomics |
| 关键词 | Bootstrap indirect inference Model evaluation Non-linear time series models Open economy models Uk models |
| URL | https://cepr.org/publications/dp6887 |
| 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/535723 |
| 推荐引用方式 GB/T 7714 | Philip Lane,Jay Shambaugh. DP6887 The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Philip Lane]的文章 |
| [Jay Shambaugh]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Philip Lane]的文章 |
| [Jay Shambaugh]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Philip Lane]的文章 |
| [Jay Shambaugh]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
