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A reply to “Estimating a bilateral J‐curve between the UK and the euro area: An asymmetric analysis”

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  • Nektarios A. Michail

Abstract

In 2018, I published an article in this journal aiming to examine whether the UK could potentially benefit from the depreciation of the pound following the Brexit decision. During this year's issue, a study by Bahmani‐Oskooee and Karamelikli (2021) suggested that the findings of said article were based on sign misinterpretation. In this article, I explain that the misunderstanding that has arisen is due to an incorrect definition of a variable in the appendix. When the revised definition is taken into consideration, the conclusions reached still hold.

Suggested Citation

  • Nektarios A. Michail, 2021. "A reply to “Estimating a bilateral J‐curve between the UK and the euro area: An asymmetric analysis”," Manchester School, University of Manchester, vol. 89(6), pages 658-661, December.
    • Handle: RePEc:bla:manchs:v:89:y:2021:i:6:p:658-661
    DOI: 10.1111/manc.12383
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    References listed on IDEAS

    as
    1. Rose, Andrew K. & Yellen, Janet L., 1989. "Is there a J-curve?," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 53-68, July.
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