Estimating long-run equilibrium real exchange rates: short-lived shocks with long-lived impacts on Pakistan

@inproceedings{Zardad2013EstimatingLE,
  title={Estimating long-run equilibrium real exchange rates: short-lived shocks with long-lived impacts on Pakistan},
  author={Asma Zardad and Asma Mohsin and Khalid Zaman},
  booktitle={SpringerPlus},
  year={2013}
}
The purpose of this study is to investigate the factors that affect real exchange rate volatility for Pakistan through the co-integration and error correction model over a 30-year time period, i.e. between 1980 and 2010. The study employed the autoregressive conditional heteroskedasticity (ARCH), generalized autoregressive conditional heteroskedasticity (GARCH) and Vector Error Correction model (VECM) to estimate the changes in the volatility of real exchange rate series, while an error… CONTINUE READING
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