We apply the efficient unit-roots tests of Elliott, Rothenberg, and Stock (1996), and Elliott (1998) to twenty-one real exchange rates using monthly data of the G-7 countries from the post-Bretton Woods floating exchange rate period. Our results indicate that, for eighteen out of the twenty-one real exchange rates, the null hypothesis of a unit root can be rejected at the 10% significance level or better using the Elliot et al (1996) DF-GLS test. The unit-root null hypothesis is also rejected for one additional real exchange rate when we allow for one endogenously determined break in the time series of the real exchange rate as in Perron (1997). In all, we find favorable evidence to support long-run purchasing power parity in nineteen out o...
Although the question of whether Purchasing Power Parity (PPP) holds in the long run has been extens...
This paper tests real interest parity (RIP) for a group of industrialized countries using quarterly ...
In our article we employ some contemporaneous panel unit root tests (Maddala and Wu, 1999; Im et al....
We apply the efficient unit-roots tests of Elliott, Rothenberg, and Stock (1996), and Elliott (1998)...
We apply the efficient unit root tests of Elliott, Rothenberg, and Stock (1996), and Elliott (1999) ...
This paper examines the mean-reverting property of real exchange rates. Earlier studies have general...
This paper examines the mean-reverting property of real exchange rates. Ear-lier studies have genera...
This article applies the model free, seasonality robust periodogram test, and the conventional augme...
We test for Purchasing Power Parity in post Bretton Woods real exchange rate data from twenty develo...
This paper presents some empirical evidence that real exchange rate series contain a unit root in th...
This article uses the most recent tests available to carry out a detailed empirical analysis of the ...
Recent research has found that trend-break unit root tests derived from univariate linear models do ...
[[abstract]]A set of unit root tests are applied to test the existence of long-run real interest rat...
This paper investigates the validity of purchasing power parity (PPP) for 25 OECD countries by using...
The recent literature on Purchasing Power Parity (PPP) has emphasized the role of two phenomena that...
Although the question of whether Purchasing Power Parity (PPP) holds in the long run has been extens...
This paper tests real interest parity (RIP) for a group of industrialized countries using quarterly ...
In our article we employ some contemporaneous panel unit root tests (Maddala and Wu, 1999; Im et al....
We apply the efficient unit-roots tests of Elliott, Rothenberg, and Stock (1996), and Elliott (1998)...
We apply the efficient unit root tests of Elliott, Rothenberg, and Stock (1996), and Elliott (1999) ...
This paper examines the mean-reverting property of real exchange rates. Earlier studies have general...
This paper examines the mean-reverting property of real exchange rates. Ear-lier studies have genera...
This article applies the model free, seasonality robust periodogram test, and the conventional augme...
We test for Purchasing Power Parity in post Bretton Woods real exchange rate data from twenty develo...
This paper presents some empirical evidence that real exchange rate series contain a unit root in th...
This article uses the most recent tests available to carry out a detailed empirical analysis of the ...
Recent research has found that trend-break unit root tests derived from univariate linear models do ...
[[abstract]]A set of unit root tests are applied to test the existence of long-run real interest rat...
This paper investigates the validity of purchasing power parity (PPP) for 25 OECD countries by using...
The recent literature on Purchasing Power Parity (PPP) has emphasized the role of two phenomena that...
Although the question of whether Purchasing Power Parity (PPP) holds in the long run has been extens...
This paper tests real interest parity (RIP) for a group of industrialized countries using quarterly ...
In our article we employ some contemporaneous panel unit root tests (Maddala and Wu, 1999; Im et al....