文章基本信息

标题：Is The Real Effective Exchange Rate Biased Against the PPP Hypothesis?
本地全文：下载
作者：Frederick H Wallace ; Daniel Ventosa-santaulària ; Manuel Gómez-zaldívar 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2014
卷号：34
期号：1
页码：395-400
出版社：Economics Bulletin
摘要：We show that the use of the real effective exchange rate to test for purchasing power parity, as in Astorga (2012) and other studies, is subject to a problem that biases tests against finding evidence of PPP. The problem is illustrated using Astorga´s data on six Latin American countries.
关键词：PPP; Real Effective Exchange Rates; Real Exchange Rates; Stationarity; Unit Root; Cointegration