Purchasing Power Parity before and after the Adoption of the Euro
β Scribed by Su Zhou; Mohsen Bahmani-Oskooee; Ali M. Kutan
- Publisher
- Springer-Verlag
- Year
- 2008
- Tongue
- English
- Weight
- 263 KB
- Volume
- 144
- Category
- Article
- ISSN
- 1610-2878
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper examines the information on future exchange rate movements provided by the doctrine of purchasing power parity (PPP). Previous research has studied this issue by analysing the time-series properties of period-by-period levels of, or changes in, exchange rates. In contrast, the present stu
## Abstract This paper contributes to the empirical literature on the purchasing power parity (PPP) over the postβBretton Woods period by providing a timeβseries based interpretation of the controversial evidence characterizing the dynamics of real exchange rates. It is shown that the persistence o