Purchasing Power Parity (PPP), as a long run equilibrium condition, is a frequent assumption in open economy macroeconomic models. Hence, given the importance of PPP as a long run determinant of exchange rate behaviour, testing this theory has become a popular exercise. However, traditional tests of PPP are probably not the best method. Cointegration theory, recently developed, provides a more adequate method to test the long run relationships between exchange rates and prices. The purpose of this paper is to test the PPP theory using the Portuguese escudo vis a vis seven currencies, representing Portugal's principal trade partners, namely the Deutsche Mark (DM), the Spanish Peseta (PTA), the French Franc (FF), the Italian Lira (LIT), the U...
The purpose of this paper is to test the validity of the purchasing power parity (PPP) doctrine in B...
This paper analyzes the exchange rate in a ``no-arbitrage' or ``real business cycle' equilibrium mod...
This article uses the most recent tests available to carry out a detailed empirical analysis of the ...
In this paper we use cointegration techniques to test the long-run Purchasing Power Parity (PPP) hyp...
The idea of equilibrium exchange rate has worried economists in attempting to calculate the correct ...
The purchasing power parity (PPP) hypothesis is examined by means of residual-based cointegration t...
PPP (purchasing power parity) explaining the longrun behaviour of nominal exchange rates is one of t...
New multivariate panel cointegration methods are used to analyze nominal exchange rates and prices i...
This paper tests the Purchasing Power Parity (PPP) theory in a partial equilibrium framework. Statis...
Despite a plethora of studies on purchasing power parity (PPP), those that take a cointegration appr...
Cointegration analysis is often used in empirical studies of Purchasing Power Parity (PPP) to test w...
This paper contributes to the empirical literature on the purchasing power parity (PPP) over the pos...
This paper analyzes the exchange rate in a "noarbitrage" or "real business cycle" equilibrium model ...
Abstract A new approach to cointegration developed by Enders et al. (Cointegration tests using instr...
CESifo Working Paper No. 2255International audienceThe aim of this paper is to apply recently develo...
The purpose of this paper is to test the validity of the purchasing power parity (PPP) doctrine in B...
This paper analyzes the exchange rate in a ``no-arbitrage' or ``real business cycle' equilibrium mod...
This article uses the most recent tests available to carry out a detailed empirical analysis of the ...
In this paper we use cointegration techniques to test the long-run Purchasing Power Parity (PPP) hyp...
The idea of equilibrium exchange rate has worried economists in attempting to calculate the correct ...
The purchasing power parity (PPP) hypothesis is examined by means of residual-based cointegration t...
PPP (purchasing power parity) explaining the longrun behaviour of nominal exchange rates is one of t...
New multivariate panel cointegration methods are used to analyze nominal exchange rates and prices i...
This paper tests the Purchasing Power Parity (PPP) theory in a partial equilibrium framework. Statis...
Despite a plethora of studies on purchasing power parity (PPP), those that take a cointegration appr...
Cointegration analysis is often used in empirical studies of Purchasing Power Parity (PPP) to test w...
This paper contributes to the empirical literature on the purchasing power parity (PPP) over the pos...
This paper analyzes the exchange rate in a "noarbitrage" or "real business cycle" equilibrium model ...
Abstract A new approach to cointegration developed by Enders et al. (Cointegration tests using instr...
CESifo Working Paper No. 2255International audienceThe aim of this paper is to apply recently develo...
The purpose of this paper is to test the validity of the purchasing power parity (PPP) doctrine in B...
This paper analyzes the exchange rate in a ``no-arbitrage' or ``real business cycle' equilibrium mod...
This article uses the most recent tests available to carry out a detailed empirical analysis of the ...