Using a Theory-Consistent CVAR Scenario to Test an Exchange Rate Model Based on Imperfect Knowledge
A theory-consistent CVAR scenario describes a set of testable regularieties one should expect to see in the data if the basic assumptions of the theoretical model are empirically valid. Using this method, the paper demonstrates that all basic assumptions about the shock structure and steady-state be...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-07-01
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| Series: | Econometrics |
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| Online Access: | https://www.mdpi.com/2225-1146/5/3/30 |