An Alternative Test of Purchasing Power Parity

The long-horizon approach of Fisher and Seater (1993) is applied to the data developed by Taylor (2002) to test for purchasing power parity (PPP). Even after accounting for the low power of the test, the evidence is generally supportive of PPP.

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Year of publication:	2005-02-14
Authors:	Wallace, Frederick H. ; Shelley, Gary L.
Institutions:	EconWPA
Subject:	Purchasing power parity \| Fisher-Seater test

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Extent:	application/pdf application/postscript application/msword
Series:	International Finance.
Type of publication:	Book / Working Paper
Notes:	Type of Document - doc; pages: 12. 12 pages, MS Word (2003) file 12 pages
Classification:	F3 - International Finance ; F4 - Macroeconomic Aspects of International Trade and Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005125520