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Purchasing power parity and cointegration: The Greek evidence from the 1920s

✍ Scribed by Kate Phylaktis


Book ID
116116534
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
808 KB
Volume
11
Category
Article
ISSN
0261-5606

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## Abstract This paper contributes to the empirical literature on the purchasing power parity (PPP) over the post‐Bretton Woods period by providing a time‐series based interpretation of the controversial evidence characterizing the dynamics of real exchange rates. It is shown that the persistence o