๐”– Bobbio Scriptorium
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Purchasing power parity over two centuries?

โœ Scribed by John T Cuddington; Hong Liang


Book ID
117427640
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
32 KB
Volume
19
Category
Article
ISSN
0261-5606

No coin nor oath required. For personal study only.


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Several recent studies have found evidence of purchasing power parity by using long time series of data to combat the low power of unit root tests. The ability to reject unit roots in real exchange rates, however, only implies that PPP holds in the absence of structural change. We test for multiple