Modelling and forecasting the dollar-pound exchange rate in the presence of structural breaks
We employ a newly-developed partial cointegration system allowing for level shifts to examine whether economic fundamentals form the long-run determinants of the dollar-pound exchange rate in an era of structural change. The paper uncovers a class of local data generation mechanisms underlying long-...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | Working paper |
| منشور في: |
University of Oxford
2019
|