Cointegration Tests of the Monetary Exchange Rate Model for Three High-Inflation Economies
用协整检验考察货币汇率模型是否代表阿根廷、智利和以色列三个高通胀国家的长期均衡关系，发现变量间存在协整关系。
Tests of cointegration are applied to the monetary model of the exchange rate to determine if the model represents a long-run equilibrium relation for three high-inflation countries. The countries tested are Argentina, Chile, and Israel, each paired with the United States as the base country. Evidence favorable to cointegration among the variables of the monetary model is found using Johansen's maximum likelihood procedure. Copyright 1994 by Ohio State University Press.