Re-examining long-run purchasing power parity

Our results complement the recent findings of real exchange rates as stationary processes. Applying a battery of unit root tests can be problematic, since the tests are sensitive to the specifics of the time-series process. The novelty of our approach is in emphasizing the information content of the...

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Veröffentlicht in:	Journal of international money and finance 1999-04, Vol.18 (2), p.251-266
Hauptverfasser:	Kuo, Biing-Shen, Mikkola, Anne
Format:	Artikel
Sprache:	eng
Schlagworte:	Foreign exchange rates Hypotheses International finance Purchasing power Real exchange rate Statistical analysis Studies Unit root
Online-Zugang:	Volltext
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