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purchasing power parity

Purchasing Power Parity and Interest Parity in the Laboratory,

Purchasing Power Parity and Interest Parity in the Laboratory,

... economy with two locations did not hold uniformly; one of those predictions would be that purchasing power parity was true. The third paper in this literature is by Fisher and Kelly (2000). They ...

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The purchasing power parity debate

The purchasing power parity debate

... of purchasing power parity (PPP) was revived in the interwar period in the context of the debate concerning the appropriate level at which to re-establish international exchange rate ...

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Testing Purchasing Power Parity

Testing Purchasing Power Parity

... Due to this debate the concept of the purchasing power parity was introduced worldwide and economists started working on the PPP and introduced theories. This paper provides the evidence about the ...

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Cointegration tests of purchasing power parity

Cointegration tests of purchasing power parity

... of purchasing power parity with those from an alternative approach recently developed by Im, Lee, and Enders (2006), henceforth ...When purchasing power parity is tested on real ...

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Study on the Fluctuation of Purchasing Power Parity

Study on the Fluctuation of Purchasing Power Parity

... of purchasing power parity exchange rate is ...pricing power, so it can control the price to a certain degree to keep its profitability remains the same under the background of currency ...

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An Unbiased Appraisal of Purchasing Power Parity

An Unbiased Appraisal of Purchasing Power Parity

... We concentrate on the results derived from the regression that allows for the broadest error structure—median-unbiased estimates of Phillips-Perron regres- sions that are robust to the serial correlation and ...

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Nonlinear Trend and Purchasing Power Parity

Nonlinear Trend and Purchasing Power Parity

... However, whether PPP is valid in the short-run or over the long-run is a problem. Indeed, much of economists’ faith in PPP derives from a belief that over most of the past century, price level movements have been ...

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Purchasing Power Parity and the Chinese Yuan

Purchasing Power Parity and the Chinese Yuan

... testing purchasing power ...international parity condition and that mean reversion displays significant non-linearities, with small deviations having a longer half-life than larger ...

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Cointegration tests of purchasing power parity

Cointegration tests of purchasing power parity

... of purchasing power parity with those from an alternative approach recently developed by Im, Lee, and Enders (2006), henceforth ...When purchasing power parity is tested on real ...

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Nonlinear Trend and Purchasing Power Parity

Nonlinear Trend and Purchasing Power Parity

... By Yinghao LUO a† Abstract. After the collapse of the Bretton Woods system, the evidence on the purchasing power parity (PPP) in the long run is still a matter of debate. The difficulties of the ...

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Pairwise tests of purchasing power parity

Pairwise tests of purchasing power parity

... of purchasing power ...the power of the test depends on the span, the number of years, not the number of observations and partly because long spans tend to show periods of high variances, ...low ...

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Convergence of absolute purchasing power parity

Convergence of absolute purchasing power parity

... Zhang, Z. & Zou, X. (2014). Different measures in testing absolute purchasing power parity. Applied Economics Letters, 21, 828–831. Appendix Tables The detailed results of the unit root tests in the ...

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Purchasing power parity in Mexico: a historical note

Purchasing power parity in Mexico: a historical note

... One approach to testing for purchasing power parity is to test r t for the presence of a (linear) unit root. The absence of a unit root is evidence of mean reversion, usually regarded as evidence of ...

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Purchasing power parity and free trade area

Purchasing power parity and free trade area

... falling of transportation costs because the average cost of transportation falls as the volume of trade increases. Therefore, trade agreements could contribute to price convergence and foster economic integration. Since ...

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Purchasing power parity: A nonlinear multivariate perspective

Purchasing power parity: A nonlinear multivariate perspective

... Abstract The goal of this paper is to disentangle the respective contributions of the nominal exchange rate and the price differential to the adjustment towards the Purchasing Power Parity relation. ...

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Analysis of Purchasing power parity with data for Macedonia

Analysis of Purchasing power parity with data for Macedonia

... Key words : The theory of purchasing power parity (PPP) constitutes one of the basic elements of exchange rate determination.In the case of absolute PPP the exchange rate equals the relative price ...

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The micro-macro disconnect of purchasing power parity

The micro-macro disconnect of purchasing power parity

... to purchasing power parity in the aggregate data; while aggregate real exchange rate adjustment works primarily through the foreign exchange market, adjustment in disaggregated data is a ...

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The Micro-Macro Disconnect of Purchasing Power Parity

The Micro-Macro Disconnect of Purchasing Power Parity

... to purchasing power parity deviations in aggregated data is not just a slower version of adjustment to the law of one price in microeconomic data, as arbitrage occurs in different markets, in ...

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Purchasing Power Parity Tests in Cointegrated Panels

Purchasing Power Parity Tests in Cointegrated Panels

... * Indiana University. Some of the Ž ndings in this paper Ž rst appeared in a working paper entitled “Panel Fully ModiŽ ed OLS for Heterogeneou s Cointegrated Panels and the Case of Purchasing Power ...

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Purchasing power parity in the Colombian exchange rate

Purchasing power parity in the Colombian exchange rate

... Keywords: Purchasing power parity; Real exchange rate; Unitary root; Cointegration. Resumen Objetivo: determinar el cumplimiento de la teoría de la Paridad del Poder Adquisitivo (PPA) en Colombia ...

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