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Examining the Real Implications of the Purchasing Power Parity
Interdisciplinary journal of research and developmentThis study focuses on the purchasing power between the dollar and the yuan and its usefulness in forecasting changes in exchange rates in the long run. In particular, PPP theory helps to clarify the inclination of countries with high inflation to incur a
Jona Puci, Albana Demi (Mosho)
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A test of long-run purchasing power parity
Economics Letters, 2001There is a continuing debate whether purchasing power parity holds as a long-run equilibrium relationship. This note applies an exact small-sample, pointwise most powerful invariant unit root test to annual, long-horizon real exchange rates. This test finds clear and consistent evidence in favor of the true purchasing power parity relationship.
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A nonparametric measure of convergence towards purchasing power parity [PDF]
Journal of Applied Econometrics, 2006 AbstractIt has been claimed that the deviations from purchasing power parity are highly persistent and have quite long half‐lives under the assumption of a linear adjustment of real exchange rates. However, inspired by trade cost models, nonlinear adjustment has been widely employed in recent empirical studies.
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The role of culture and purchasing power parity in shaping mall-shoppers’ profiles
, 2020Global mall managers and retailers need to recognize and address variations among groups of shoppers, particularly how they vary between countries, to optimize their global operations.
Shaked Gilboa, V. Mitchell
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Empirical determinants of purchasing power parity deviations
Journal of International Economics, 1986Abstract This paper investigates the empirical determinants of purchasing power parity (PPP) deviations over the recent period of flexible exchange rates. Transitory PPP deviations arise in a world in which prices are sticky, but where exchange rates respond instantaneously to news.
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Review of International Economics, 2022
Kenneth S. Chan, J. Lai, Xiaoyi Liang
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Kenneth S. Chan, J. Lai, Xiaoyi Liang
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The Explosion of Purchasing Power Parity
2002Survey of literature on PPP up to July 2000. Includes a geogetric analysis of PPP theory, issues related to deviations from parity and an examination of empirical evidence on PPP.
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Purchasing power parity: the choice of price index [PDF]
, 2005 Looking closely at the PPP argument, it states that the currencies purchasing power should not change when comparing the same basket goods across countries, and these goods should all be tradable. Hence, if PPP is valid at all, it should be captured by the relative price indices that best Öts these two features.
Terra, Maria Cristina T. +1 more
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Convergence of absolute purchasing power parity [PDF]
, 2015 In this paper, we study the convergence of 40 main bilateral real exchange rates (RERs) constructed by actual price levels to be consistent with absolute purchasing power parity (PPP), rather than by price indexes as used in popular studies. The time series ADF and KPSS unit root tests reveal that 39 RERs are stationary in their periods of about 60 ...
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