Results 261 to 270 of about 70,336 (294)
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The Quarterly Review of Economics and Finance, 2009
Abstract Analyzing inbound and outbound foreign direct investment (FDI) between the U.S. and seven developed countries over the period from 1994 to 2004, this study provides strong evidence for a positive relationship between aggregate FDI flows and a strengthening of a home currency. Further, taking exchange rate disequilibrium into account, we find
Axel Grossmann +2 more
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Abstract Analyzing inbound and outbound foreign direct investment (FDI) between the U.S. and seven developed countries over the period from 1994 to 2004, this study provides strong evidence for a positive relationship between aggregate FDI flows and a strengthening of a home currency. Further, taking exchange rate disequilibrium into account, we find
Axel Grossmann +2 more
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Applied Economics Letters, 2011
This study applies a simple and powerful nonlinear unit-root test proposed by Sollis (2009) to test the validity of long-run Purchasing Power Parity (PPP) for Germany's real exchange rate vis-a-vis its trading partner countries. The empirical results indicate that PPP holds for Germany relative to its major trading partners, with the exception of ...
Chang, Tsangyao +3 more
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This study applies a simple and powerful nonlinear unit-root test proposed by Sollis (2009) to test the validity of long-run Purchasing Power Parity (PPP) for Germany's real exchange rate vis-a-vis its trading partner countries. The empirical results indicate that PPP holds for Germany relative to its major trading partners, with the exception of ...
Chang, Tsangyao +3 more
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International Journal of Finance & Economics, 2010
This study uses a relative purchasing power parity (ppp) model—one that is an alternative to the ‘real exchange rate’—to construct a time-varying equilibrium exchange rate of six US Dollar exchange rates. A linear forecasting technique is then used to determine the horizon over which a relative ppp-based model outperforms a random walk in forecasting ...
Marc W. Simpson, Axel Grossmann
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This study uses a relative purchasing power parity (ppp) model—one that is an alternative to the ‘real exchange rate’—to construct a time-varying equilibrium exchange rate of six US Dollar exchange rates. A linear forecasting technique is then used to determine the horizon over which a relative ppp-based model outperforms a random walk in forecasting ...
Marc W. Simpson, Axel Grossmann
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Open Economies Review, 2007
This paper tests for long-run purchasing power (PPP) among a sample of six Latin American economies. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of the real exchange rate is tested within a Markov regime-switching framework.
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This paper tests for long-run purchasing power (PPP) among a sample of six Latin American economies. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of the real exchange rate is tested within a Markov regime-switching framework.
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Testing the Relative Purchasing Power Parity in Türkiye: Comparing the Headline and Core Inflation
After the officially abandon of the Bretton Woods Agreements in the 1973, flexible foreign rates were adopted and exchange markets were allowed fluctuate freely. Thus, the question of how to resolve the value of exchange rates came to the agenda. The first theory that came to mind was Purchasing Power Parity.Ahmet Arvas, Mercan Hatipoğlu
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Purchasing power parity and relative price variability
European Economic Review, 1984openaire +1 more source
The Relationship Between Absolute and Relative Purchasing Power Parity
The Review of Economics and Statistics, 1978openaire +1 more source