The Real Exchange Rate and (Deviations from) Absolute PPP
PPP Strikes Back: Aggregation and the Real Exchange Rate
... the PPP puzzle, and its prevalence even amongst traded ...based real exchange rate is substantially more persistent than the standard aggregate, because it includes relative prices with widely ...
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PPP Strikes Back: Aggregation and the Real Exchange Rate
... the PPP puzzle, and its prevalence even amongst traded ...based real exchange rate is substan- tially more persistent than the standard aggregate, because it includes relative prices with ...
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Real exchange rate fluctuations, endogenous tradability and exchange rate regime
... is more similar to Ghironi and Melitz (2005), in which asymmetric price variations also arise from productivity variations. These models are isomorphic in producing asymmetric price variations, and predict that the ...
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Examining measures of the equilibrium Real Exchange Rate: Macroeconomic Balance and the Natural Real Exchange Rate Approaches
... of exchange rate deviations from its long-run equilibrium following a shock is approximately ...equilibrium exchange rate are automatically manipulated by market conditions to ensure that ...
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Examining measures of the equilibrium Real Exchange Rate: Macroeconomic Balance and the Natural Real Exchange Rate Approaches
... of exchange rate deviations from its long-run equilibrium following a shock is approximately ...equilibrium exchange rate are automatically manipulated by market conditions to ensure that ...
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Examining measures of the equilibrium Real Exchange Rate: Macroeconomic Balance and the Natural Real Exchange Rate Approaches
... of exchange rate deviations from its long-run equilibrium following a shock is approximately ...equilibrium exchange rate are automatically manipulated by market conditions to ensure that ...
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Real Exchange Rate Misalignment in Azerbaijan
... then Absolute PPP approach does not hold and the real exchange rate significantly deviates from its ...that Absolute PPP approach cannot explain the behavior of ...
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Is the real effective exchange rate biased against the PPP hypothesis?
... the real effective exchange rate to test for purchasing power parity, as in Astorga (2012) and other studies, introduces a bias against finding evidence of ...
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Is the real effective exchange rate biased against the PPP hypothesis?
... the real effective exchange rate to test for purchasing power parity, as in Astorga (2012) and other studies, introduces a bias against finding evidence of ...
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Can non-linear real shocks explain the persistence of PPP exchange rate disequilibria?
... The speed of reversion of real exchange rates back towards equilibrium is faster once explicit allowance has been made for both intra- and inter-country productivity di¤erentials that am[r] ...
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Why PPP Real Exchange Rates Mislead
... in PPP real exchange rates and their standard errors were based on OLS estimates of equations 6 and 8, and were made with the variables in both level form and first ...the real exchange ...
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Mean Reversion of the Real Exchange Rate and the validity of PPP Hypothesis in the context of Bangladesh: A Holistic Approach
... 3.2 Univariate Unit Root Tests for Checking Stationarity of RER In the literature of conventional time series econometrics a series is characterized as stationary whenever if the mean and autocovariances remain ...
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Panel Estimations of PPP and Relative Price Models for CEECs: Lessons for Real Exchange Rate Modelling
... of PPP began with noting a clear appreciation trend in real exchange rates ...constrained PPP model coefficients, did not support the strong version of the PPP paradigm (and in some ...
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Exchange rate regime and real exchange rate behavior
... of PPP, this paper can be classified into an empirical study that employs unit-root tests on a panel of real exchange rate ...on real exchange rates according to exchange ...
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Perspectives on PPP and Long-Run Real Exchange Rates
... First, they sort out traded and nontraded components of the CPI and find that, on average, 81% of the variance in the real CPI exchange rate is explained by changes in the relative price[r] ...
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PPP in OECD Countries: An Analysis of Real Exchange Rate Stationarity, Cross-sectional Dependency and Structural Breaks
... the real exchange rate series of the countries listed above, based on the model with intercept ...that PPP holds for less than half the ...of PPP with a constant ...
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Exchange Rate Determination I: Prices and the Real Exchange Rate
... a real depreciation their cur- rent account should ultimately ...the real exchange rate that matters. If the nominal exchange rate falls but is offset by higher domestic ...
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Real Exchange Rate and Real Effective Exchange Rate Measurement: Some theoretical Extensions
... the exchange rate of an ...effective exchange rate and the real effective exchange rate over ...in exchange rate of Nigerian ...effective exchange ...
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Real Exchange Rate Misalignments
... or exchange rate arrangements, for example – the same level of departure from RER may or may not be considered a relevant economic episode (a real appre- ciation or ...
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China’s Real Exchange Rate
... the real exchange ...the rate at which each region’s education and social development institutions transform unskilled (production worker) families into skilled (professional worker) ...with ...
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