Discuss your data, its features and how it corresponds to any noteworthy and/or relevant events of the country being studied.
Applied Econometrics: Do relative prices determine the Malaysian exchange rate? Introduction to theme One of the most fundamental ways of modelling exchange rates is to specify relative prices as the main determinant. Broadly speaking Purchasing Power Parity (PPP) suggests that the exchange rate between two countries is equal to the ratio of their general price […]
