简介：This paper estimates both short term and long run relationship between the real bilateralEUR-USD exchange rate and its real determinants. In the long run, it finds that the non-stationary real exchangerate in levels is linearly co-integrated with real variables.
简介：This paper estimates both short term and long run relationship between the real bilateralEUR-USD exchange rate and its real determinants. In the long run, it finds that the non-stationary real exchangerate in levels is linearly co-integrated with real variables.