In subject area: Economics, Econometrics and Finance Purchasing Power Parity is an economic model that postulates that the difference between the price level of a basket of goods in one country and the price level of an identical basket of goods in another country is due to the equilibrium FX...
Estimation of purchasing power parity is complicated by the fact that countries do not simply differ in a uniform price level; rather, the difference in food prices may be greater than the difference in housing prices, while also less than the difference in entertainment prices. People in differe...
Purchasing Power Parity (PPP) is a theory of exchange rate determination. It asserts (in the most common form) that the exchange rate change between two currencies over any period of time is determined by the change in the two countries’ relative price levels. Because the theory singles out ...
Relative purchasing power parity (RPPP) is an expansion of the traditionalpurchasing power parity(PPP) theory to include changes in inflation over time. Purchasing power is the power of money expressed by the number of goods or services that one unit can buy, and which can be reduced byinflati...
Review of International EconomicsTaylor MP (2003) Purchasing power parity. Rev Int Econ 11:436–452Taylor, M. P. 2003 . Purchasing power parity. Review of International Economics , 11: 436–52.Taylor MP (2003). Purchasing power parity. Rev Int Econ 11: 436–452...
The paper develops the theory of generalized purchasing-power parity (G-PPP) to explain the stylized facts of real exchange-rate behavior. the fundamental economic variables determining real exchange rates are nonstationary; thus,real ra... W Enders,S Hum - 《Review of International Economics》 ...
Purchasing Power Parity (PPP) and Real Exchange Rates (RER) Abstract: In this article, we introduce the Purchasing Power Parity, a the- ory that stipulates that in the long run, the exchange rate between two countries should even out so that goods essentially cost the same in both countries...
Pitfalls in Panel Tests of Purchasing Power Parity. —The results of panel unit root tests applied to real exchange rates as a test of long-run purchasing ... Peter,Anker - 《Review of World Economics》 被引量: 42发表: 1999年 Testing for Purchasing Power Parity in Cointegrated Panels This...
Viewpoint: Towards a solution to the puzzles in exchange rate economics: where do we stand? We then analyse the purchasing power parity puzzle: the real exchange rate displays no (strong) reversion to a stable long-run equilibrium level. Finally... L Sarno 被引量: 492发表: 2005年 PPP and...
J Findreng - 《Economics & Sociology》 被引量: 0发表: 2014年 Revisiting Purchasing Power Parity for Nine Transition Countries Using the Rank Test for Nonlinear Cointegration This study applies the powerful rank test for nonlinear cointegration proposed by Brietung (2001) to test the validity of ...