Modeling Real Exchange Rate in Iran using Markov Switching Autoregressive Model
This study tries to model real exchange rate using a two-state Markov autoregressive model. The empirical results indicate that the real exchange rate cycles are well explained by a switching autoregressive pattern rather than a simple autoregressive model. The Markov switching autoregressive model...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Tarbiat Modares University
2014-05-01
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| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-9871-en.pdf |