Add to ORKGThe low power of the unit root and cointegration tests in testing absolute purchasing power parity (PPP) is illustrated. The real exchange rate (RER) misalignment distribution test is advanced. Then we apply the RER misalignment distribution and coefficient restriction tests to study the validity of absolute PPP in 40 main countries (against the US) in light of the Penn effect. The validity of absolute PPP in each of the 40 countries is analyzed. Finally, a rule of thumb for absolute PPP to hold is given
By disaggregating price indices, it becomes apparent that the real exchange rate consists of the rea...
Abstract We examine long-run purchasing power parity (PPP) using panel data methods to test for unit...
To this end, the validity of purchasing power parity (PPP) remains a controversial issue, as empiric...
The low power of the unit root and cointegration tests in testing absolute purchasing power parity (...
We find an example where real exchange rate (RER) is stationary and the nominal exchange rate and th...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
In this paper, we study the convergence of 40 main bilateral real exchange rates (RERs) constructed ...
Given nominal exchange rates and price data on N + 1 countries indexed by i = 0,1,2,…, N, the standa...
The literature on the purchasing power parity (PPP) theory reports that all versions of the PPP theo...
The literature on the purchasing power parity (PPP) theory reports that all versions of the PPP theo...
In this paper, we study the convergence of 40 main bilateral real exchange rates (RERs) constructed ...
In this study, the aim is to analyse the validity of Purchasing Power parity (PPP) for the OECD coun...
Given nominal exchange rates and price data on N + 1 countries indexed by i = 0...
By disaggregating price indices, it becomes apparent that the real exchange rate consists of the rea...
Abstract We examine long-run purchasing power parity (PPP) using panel data methods to test for unit...
To this end, the validity of purchasing power parity (PPP) remains a controversial issue, as empiric...
The low power of the unit root and cointegration tests in testing absolute purchasing power parity (...
We find an example where real exchange rate (RER) is stationary and the nominal exchange rate and th...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
Different from popular studies that focus on relative purchasing power parity, we study absolute pur...
In this paper, we study the convergence of 40 main bilateral real exchange rates (RERs) constructed ...
Given nominal exchange rates and price data on N + 1 countries indexed by i = 0,1,2,…, N, the standa...
The literature on the purchasing power parity (PPP) theory reports that all versions of the PPP theo...
The literature on the purchasing power parity (PPP) theory reports that all versions of the PPP theo...
In this paper, we study the convergence of 40 main bilateral real exchange rates (RERs) constructed ...
In this study, the aim is to analyse the validity of Purchasing Power parity (PPP) for the OECD coun...
Given nominal exchange rates and price data on N + 1 countries indexed by i = 0...
By disaggregating price indices, it becomes apparent that the real exchange rate consists of the rea...
Abstract We examine long-run purchasing power parity (PPP) using panel data methods to test for unit...
To this end, the validity of purchasing power parity (PPP) remains a controversial issue, as empiric...