𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Purchasing power parity theory and the monetary approach to the balance of payments

✍ Scribed by F. de Roos


Publisher
Springer
Year
1981
Tongue
English
Weight
1003 KB
Volume
129
Category
Article
ISSN
0013-063X

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Evidence on purchasing power parity from
✍ Dr Robert Sollis πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 199 KB

## Abstract Recent research has found that trend‐break unit root tests derived from univariate linear models do not support the hypothesis of long‐run purchasing power parity (PPP) for US dollar real exchange rates. In this paper univariate smooth transition models are utilized to develop unit root

International real interest rate differe
✍ Mark P. Taylor; Lucio Sarno πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 115 KB πŸ‘ 1 views

## Abstract According to one strand of the international finance literature, market efficiency implies that the real exchange rate follows a martingale process, in direct conflict with the long‐run absolute purchasing power parity hypothesis, which requires a stationary real exchange rate process.