Midlands State University Library

Real interest rate parity in OECD countries: New evidence from time series and panel cointegration techniques

Magonis George

Real interest rate parity in OECD countries: New evidence from time series and panel cointegration techniques created by George Magonis and Andreas Tsopanakis - Applied economics letters Volume 20, number 5 .

We examine the existence of Real Interest Rate Parity (RIRP) for a number of Organisation for Economic Co-operation and Development (OECD) countries. Using time series techniques, we manage to identify cointegrating relationships. For a subset of countries our findings suggest the existence of a structural break. The panel results are also in favour of the RIRP.

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Real interest rate parity--Structural break--Cointegration

HB1.A666 APP