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Purchasing Power Parity [PDF]

open access: possible, 1987
The paper is a survey of PPP theory and evidence prepared for the New Palgrave dictionary of economics. Following a statement of the absolute and relative versions of the theory, there is a brief sketch of the history of thought with emphasis on Cassel and the monetary approach. A theoretical part distinguishes structural and transitory deviations from
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Purchasing power parity

Economics Letters, 1990
Abstract This paper examines the purchasing power parity (henceforth PPP) using historical data and the cointegration approach. The results indicate that the exchange rate is cointegrated with the Wholesale Price Index (WPI) ratio but not with the Consumer Price Index (CPI) ratio. The cointegrating vector is close to (0, –1).
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Inter-Temporal Purchasing Power Parity

Open Economies Review, 2015
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Breuer, Janice Boucher   +2 more
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Purchasing Power Parity

Review of International Economics, 2003
AbstractThe paper provides a selective and critical review of the literature on purchasing power parity and real exchange rates, with special reference to the literature of the last two decades.
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Quasi purchasing power parity

International Journal of Finance & Economics, 1998
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.
Natalie D. Hegwood, David H. Papell
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Purchasing Power Parity

The Elgar Companion to Development Studies is an innovative and unique reference book that includes original contributions covering development economics as well as development studies broadly defined. This major new Companion brings together an international panel of experts from varying backgrounds who discuss theoretical, ethical and practical ...
  +6 more sources

Purchasing power parity during the 1920s

Economics Letters, 1989
Abstract In this note the Purchasing Power Parity theory during the 1920s is tested using the co-integration approach. The results do not support the theory. Although exchange rates and prices are non-stationary in the levels, no equilibrium relationship holds among them.
Ardeni P. G., Lubian D.
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Expected purchasing power parity

Weltwirtschaftliches Archiv, 1985
The results of this study indicate that movements in the exchange rate are determined primarily by expected purchasing power parity. Expected future wholesale and consumer prices were both significantly related to the exchange rate. The coefficients were negative and close to unity.
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