Research Article
Exchange Rates and Monetary Fundamentals: What Do We Learn from Linear and Nonlinear Regressions?
Table 5
Some commonly imposed monetary restrictions for the monetary model and tests of some popular monetary restrictions.
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Notes: the left column of the table summarises commonly imposed restrictions on the specification of monetary model given as ; the right columns under Japan and Euro represent the hypotheses summarized in the left column of the table; the numbers not in parenthesis are test statistics; the numbers in the square brackets are marginal significance levels. |